RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN

Plan Contact

  • Address: 1001 PAWTUCKET BLVD, WEST,,LOWELL,MA
  • Contact person: SHANNON CALLAHAN
  • Phone: (978) 349-3644

Plan General Information

RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN is $16,000,637.00.This plan was established in 2010.

RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN is 221

RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN is $72,401.00

RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN is $10,060.00.

RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN is approximately $3,976.00
Investing in this additonal $3,976.00 for 20 years would give you extra $254,507.00, assuming a 10% annual return.

RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN allocates $878,847.00 to match its employees' contributions, providing an employer match rate of 45.74% of their contributions

RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN is 38.38%.

RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN is 19.15%. This measures the effectiveness of the plan participants' investments in the year.

RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN is 0.07%.

Enrollment Features

RAPID MICRO BIOSYSTEMS, INC. 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.


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