Exact Sciences Corporation 401(k) Review & Grade
Exact Sciences Corporation 401(k) Plan
Madison, WIHealth Care & Social Assistance6,525 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,731Employer $ per active participant
$11,419Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$748.8MNet plan assets, end of year
$86,464Average balance per account
Score breakdown
- Employer generosity48.2 / 5096th percentile for employer $ per participant
- Low cost22.1 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving14.7 / 1598th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score92 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 88th |
| Employee saving | 98th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $14,377 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Exact Sciences put in about $6,731 per active participant, more than the typical peer ($800). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $43,919,534 |
| Participant (employee) contributions | $74,510,067 |
| Other contributions (incl. rollovers in) | $16,488,579 |
| Administrative expenses paid from the plan | $230,806 |
| Contract administrator fees | $600 |
| Benefits paid out | $72,093,804 |
| Net assets, start / end of year | $645.6M / $748.8M |
| Active participants, start / end of year | 6,344 / 6,706 |
| Participants with account balances | 8,660 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pricewaterhousecoopers LLP |
| Employer stock held by plan | $101,115,631 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $230,669 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250718200111NAL0004154578001, received 2025-07-18, EIN 02-0478229, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.