Retirement plan

U.S. ROCHE 401(K) SAVINGS PLAN

Name: GENENTECH, INC. - U.S. ROCHE 401(K) SAVINGS PLAN (2020) Form 5500
Creator: GENENTECH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.S. ROCHE 401(K) SAVINGS PLAN, GENENTECH, INC.

GENENTECH, INC.EIN 94-2347624Plan #003PY 2020

1 DNA WAY - SOUTH SAN FRANCISCO, CA 94080650-225-1000gene.comLinkedIn10001+ employeesbiotechnology

Prospect flagsHigh assets / participantCorrective distributions

Top hat statement on fileNQDC

Filed September 16, 1992

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$10854.6M

+15.6% from 2019

Total participants

35,082

+1.5% from 2019

Average account balance

$311,590

+13.5% from 2019

Annual return

14.56%

-5.95 pp from 2019

Benchmarks

See 50 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort50 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$14.35B

Not enough data

1 years with asset history on file

Average account balance

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

$396K

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.

36,215

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$814.90M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$38K

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

+14.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Filed as: FIDELITY INV INST OPS CO. INC. Service code 37 · EIN 04-2647786	Loan Processing	$1,504,635
CALLAN LLC6+ years Filed as: CALLAN ASSOCIATES INC. Service code 16 · EIN 94-2192581	Consulting	$231,843
RUSSELL TRUST COMPANY6+ years Filed as: RUSSELL INVESTMENTS Service code 16 · EIN 91-1934665	Consulting	$157,155
RSM US LLP6+ years Service code 10 · EIN 42-0714325	Accounting	$50,345
STATE STREET GLOBAL ADVISORS2 years Filed as: STATE STREET BANK AND TRUST CO Service code 21 · EIN 04-1867445	Bank Trustee	$25,715
MERCER6+ years Service code 16 · EIN 36-2336943	Consulting	$14,500
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Filed as: FIDELITY INVEST. INSTIT. OPS CO. Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2F2G2J2K2R3F3H2E

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.9M

$87 / participant

Investment mgmt$346K17.8%
Contract admin$2M78.8%
Other / not subdivided$65K3.3%

% of EOY assets

0.018%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$311,590

$430,560-27.6%

$98,907+215.0%

$106,222+193.3%

Participation rate

98.9%

86.2%+12.7pp

76.0%+22.9pp

70.8%+28.1pp

Annual return

14.56%

17.89%-3.3pp

196.43%-181.9pp

21.69%-7.1pp

Employer contribution / active EE

$14,956

$6,804+119.8%

$2,689+456.2%

$2,723+449.2%

Participant deferral / active EE

$18,367

$9,623+90.9%

$4,244+332.8%

$4,600+299.3%

Admin fee / account holder

$56

$220-74.7%

$6,642-99.2%

$78-28.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Filed as: FIDELITY INV INST OPS CO. INC.

Service code 37 · EIN 04-2647786

Loan Processing

$1,504,635

CALLAN LLC6+ years

Filed as: CALLAN ASSOCIATES INC.

Service code 16 · EIN 94-2192581

Consulting

$231,843

RUSSELL TRUST COMPANY6+ years

Filed as: RUSSELL INVESTMENTS

Service code 16 · EIN 91-1934665

Consulting

$157,155

RSM US LLP6+ years

Service code 10 · EIN 42-0714325

Accounting

$50,345

STATE STREET GLOBAL ADVISORS2 years

Filed as: STATE STREET BANK AND TRUST CO

Service code 21 · EIN 04-1867445

Bank Trustee

$25,715

MERCER6+ years

Service code 16 · EIN 36-2336943

Consulting

$14,500

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Filed as: FIDELITY INVEST. INSTIT. OPS CO.

Service code 60

Sub-TA Fees

U.S. ROCHE 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.S. ROCHE 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

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