Grail, Inc. 401(k) Review & Grade
Grail 401(k) Plan
Menlo Park, CAHealth Care & Social Assistance1,116 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,540Employer $ per active participant
$20,065Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$120.1MNet plan assets, end of year
$80,441Average balance per account
Score breakdown
- Employer generosity42.8 / 5086th percentile for employer $ per participant
- Low cost22.6 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 15100th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score80 / 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 | 86th |
| Lower admin cost | 90th |
| Employee saving | 100th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,817 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Grail put in about $3,540 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 | $3,950,785 |
| Participant (employee) contributions | $22,392,590 |
| Other contributions (incl. rollovers in) | $3,919,466 |
| Administrative expenses paid from the plan | $41,446 |
| Benefits paid out | $14,738,941 |
| Net assets, start / end of year | $87.3M / $120.1M |
| Active participants, start / end of year | 1,278 / 954 |
| Participants with account balances | 1,493 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $41,446 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730154505NAL0002054371001, received 2025-07-30, EIN 86-3673636, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.