2023 Form 5500 filing — Sorrento Therapeutics, Inc. 401k Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240827164112NAL0011179393001) for Sorrento Therapeutics, Inc. 401k Plan, reported by Sorrento Therapeutics, Inc. under EIN 33-0344842 and plan number 001. It reports 826 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240827164112NAL0011179393001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sorrento Therapeutics, Inc.
- EIN
- 33-0344842
- Plan number
- 001
- Location
- San Diego, CA
- Participants
- 826
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $27,301,866
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $27,301,866
- Employer contributions
- $1,560,266
- Participant contributions
- $4,326,604
- Total income / additions
- $12,169,355
- Benefits paid
- $8,514,252
- Administrative expenses
- $115,580
- Total expenses
- $8,629,833
- Net increase / (decrease)
- $3,539,522
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Voya Retirement Insurance & Annuity | RECORD KEEPER | $112,485 | $0 |
| Onedigital Investment Advisors | SERVICE PROVIDER | $0 | $51,719 |
| Onedigital Topco LLC | SERVICE PROVIDER | $0 | $24,179 |