Retirement plan

FOUNDATION MEDICINE 401(K) PLAN

Name: FOUNDATION MEDICINE, INC. - FOUNDATION MEDICINE 401(K) PLAN (2017) Form 5500
Creator: FOUNDATION MEDICINE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOUNDATION MEDICINE 401(K) PLAN, FOUNDATION MEDICINE, INC.

FOUNDATION MEDICINE, INC.EIN 27-1316416Plan #001PY 2017

150 SECOND STREET, FIRST FLOOR - CAMBRIDGE, MA 02141617-418-2200foundationmedicine.comLinkedIn1001-5000 employeesbiotechnology

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$21.7M

+78.1% from 2016

Total participants

743

+30.4% from 2016

Average account balance

$34,437

+37.7% from 2016

Annual return

34.00%

+18.03 pp from 2016

Benchmarks

See 3,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,813 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$241.62M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$102K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

2,376

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

97.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$36.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.86%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$30

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
THE ANGELL PENSION GROUP, INC.1 year Service code 13 · EIN 04-2530412	Contract Administrator	$12,592
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$2,905
AB FUNDS1 year Service code 52 · EIN 13-4064930	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL SECURITIES LLC Service code 53 · EIN 46-4350797	Insurance Commissions	$0
DANIEL H. COOK ASSOCIATES, INC1 year Filed as: DANIEL G MCCARTHY Service code 53 28 MARR RD · NEEDHAM, MA 02492	Insurance Commissions	$0
OPPENHEIMER1 year Service code 52 · EIN 93-1036175	Indirect Investment Fees	$0
RICHARD J. WOLF & COMPANY1 year Filed as: RICHARD A ST JEAN Service code 53 101 FEDERAL ST STE 800 · BOSTON, MA 02110	Insurance Commissions	$0
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE Service code 52 · EIN 56-2294396	Indirect Investment Fees	$0
VICTORY1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$4 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.013%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BLUM, SHAPIRO & COMPANY, P.C.
Auditor EIN: 061009205
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,437

$46,173-25.4%

$170,439-79.8%

$69,631-50.5%

Participation rate

82.7%

63.9%+18.8pp

83.6%-0.9pp

70.7%+12.0pp

Annual return

34.00%

21.62%+12.4pp

205.94%-171.9pp

27571.02%-27537.0pp

Employer contribution / active EE

$1,505

$1,610-6.5%

$5,433-72.3%

$2,032-26.0%

Participant deferral / active EE

$7,965

$2,080+282.9%

$4,939+61.2%

$3,224+147.1%

Admin fee / account holder

$116-96.0%

$13,881-100.0%

$110-95.8%

Provider

Service type

Compensation

THE ANGELL PENSION GROUP, INC.1 year

Service code 13 · EIN 04-2530412

Contract Administrator

$12,592

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$2,905

AB FUNDS1 year

Service code 52 · EIN 13-4064930

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL SECURITIES LLC

Service code 53 · EIN 46-4350797

Insurance Commissions

DANIEL H. COOK ASSOCIATES, INC1 year

Filed as: DANIEL G MCCARTHY

Service code 53

28 MARR RD · NEEDHAM, MA 02492

Insurance Commissions

OPPENHEIMER1 year

Service code 52 · EIN 93-1036175

Indirect Investment Fees

RICHARD J. WOLF & COMPANY1 year

Filed as: RICHARD A ST JEAN

Service code 53

101 FEDERAL ST STE 800 · BOSTON, MA 02110

Insurance Commissions

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE

Service code 52 · EIN 56-2294396

Indirect Investment Fees

VICTORY1 year

Service code 52 · EIN 90-0342299

Indirect Investment Fees

FOUNDATION MEDICINE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOUNDATION MEDICINE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion