GENMAB US, INC. 401(K) PLAN

Plan Contact

  • Address: 777 SCUDDERS MILL ROAD,,PRINCETON,NJ
  • Contact person: MICHAEL MALDONADO
  • Phone: (609) 430-2481

Plan General Information

GENMAB US, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of GENMAB US, INC. 401(K) PLAN is $84,785,265.00.This plan was established in 2008.

GENMAB US, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in GENMAB US, INC. 401(K) PLAN is 723

GENMAB US, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for GENMAB US, INC. 401(K) PLAN is $117,268.00

GENMAB US, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for GENMAB US, INC. 401(K) PLAN is $28,763.00.

GENMAB US, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in GENMAB US, INC. 401(K) PLAN is approximately $13,870.00
Investing in this additonal $13,870.00 for 20 years would give you extra $887,740.00, assuming a 10% annual return.

GENMAB US, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, GENMAB US, INC. 401(K) PLAN allocates $10,028,691.00 to match its employees' contributions, providing an employer match rate of 70.22% of their contributions

GENMAB US, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of GENMAB US, INC. 401(K) PLAN is 94.04%.

GENMAB US, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for GENMAB US, INC. 401(K) PLAN is 19.37%. This measures the effectiveness of the plan participants' investments in the year.

GENMAB US, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of GENMAB US, INC. 401(K) PLAN is 0.06%.

Enrollment Features

GENMAB US, INC. 401(K) PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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