Foundation Medicine, Inc. 401(k) Review & Grade
Foundation Medicine 401(k) Plan
Boston, MAHealth Care & Social Assistance1,679 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,894Employer $ per active participant
$13,549Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$241.6MNet plan assets, end of year
$101,691Average balance per account
Score breakdown
- Employer generosity48.2 / 5096th percentile for employer $ per participant
- Low cost23.0 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1599th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score86 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 92th |
| Employee saving | 99th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,442 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Foundation Medicine put in about $7,894 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $13,254,600 |
| Participant (employee) contributions | $22,749,518 |
| Other contributions (incl. rollovers in) | $4,854,819 |
| Administrative expenses paid from the plan | $71,128 |
| Benefits paid out | $16,639,375 |
| Net assets, start / end of year | $187.0M / $241.6M |
| Active participants, start / end of year | 1,696 / 1,662 |
| Participants with account balances | 2,376 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $71,128 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250812114656NAL0018149906001, received 2025-08-12, EIN 27-1316416, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.