Plan Ledger DOL Form 5500 · updated monthly

Genentech, Inc.401(k)

U.S. ROCHE 401(K) SAVINGS PLAN · SOUTH SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.01%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

Genentech, Inc. reported $1,303,704 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $18,226 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.02% to 0.01%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 10th-largest of 9,483 plans among California employers on file, and the 23rd of 13,661 in manufacturing. In 2024, employees put in $1.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,347,510,934
Participants with balances36,215
Active participants21,619
Employer contributions$394,022,796
Employee contributions$420,880,532
Employer contribution per active participant$18,226
Average account balance$396,176
Benefits paid to participants$1,189,559,981
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.3B · 36,215 accts · $394.0M emplr
2023$12.9B · 37,195 accts · $399.8M emplr
2022$10.9B · 37,722 accts · $374.1M emplr
The Genentech, Inc. 401(k) match · 2024
Employer contribution per active participant$18,226
Median for plans this size$5,259
2024$18,226 per active participant
2023$17,391 per active participant
2022$15,909 per active participant

Genentech, Inc.'s 2024 employer contribution ran above the $5,259 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
FIDELITY INV INST OPS CO. INC. · Loan processing$913,358
CALLAN ASSOCIATES INC. · Consulting · Custodial$274,070
RUSSELL INVESTMENTS · Consulting$190,633
STATE STREET BANK AND TRUST CO · Trustee$21,239
MERCER · Actuarial$7,987
RSM US LLP · Accounting / audit$7,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$1,303,704 · 0.01%
2023$1,360,822 · 0.01%
2022$1,946,539 · 0.02%
Same employer
Similar plansManufacturing · California
Cisco Systems,Inc. CA$26.4B · 0.03%
Intel Corporation CA$24.8B · 0.00%
Apple Inc. CA$24.7B · 0.03%
Chevron Corporation CA$20.4B · 0.02%
Amgen Inc. CA$7.7B · 0.13%
Applied Materials, Inc. CA$6.2B · 0.04%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 942347624 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.