Plan Snapshot
- Plan Sponsor: Genentech, INC.
- Sponsor EIN: 942347624
- Sponsor Address: 1 DNA WAY, SOUTH SAN FRANCISCO, CA, 94080
- Plan Type: 401(k)
- Plan Number: 512
- Total Participants: 21,441
- Total Assets: $105.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 21,441 | $105.4M | $455.7M | $65.3M |
| 2023 | 22,937 | $103.5M | $438.9M | $59.2M |
| 2022 | 23,462 | $94.9M | $395.7M | $55.5M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| UNITED HEALTHCARE SERVICES | Other Service Provider | $16,315,286 | — | $16,315,286 |
| DELTA DENTAL OF CALIFORNIA | Other Service Provider | $918,679 | — | $918,679 |
| OPTUM RX (UHC) | Other Service Provider | $520,308 | — | $520,308 |
| VISION SERVICE PLAN | Other Service Provider | $432,801 | — | $432,801 |
| SEDGWICK | Other Service Provider | $211,810 | — | $211,810 |
| GRANT THORNTON LLP | Auditor | $95,550 | — | $95,550 |
| RSM US LLP | Auditor | $7,000 | — | $7,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RSM US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,501,434
- Estimated Expense Ratio: 17.559% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $18,505,030 | $18,505,030 | — | — | — |
| 2023 | $18,930,123 | $18,930,123 | — | — | — |
| 2022 | $19,636,043 | — | — | — | $19,636,043 |