401(k) · DOL Form 5500 · 2024

Generate Biomedicines, Inc 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
286
Participants Below avg headcount
66th
Percentile by assets National rank
$57,766
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Generate Biomedicines, Inc 401(k) Plan · Sponsored by Generate Biomedicines, Inc · Massachusetts · Professional & Technical Services

$17M in assets, 286 participants

Generate Biomedicines, Inc's Generate Biomedicines, Inc 401(k) Plan reported $17M in total assets and 286 participants in its 2024 DOL Form 5500 filing, ranking in the 66th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #13,223 in Professional & Technical Services (20,173 peers)

Coverage in Massachusetts

Generate Biomedicines, Inc 401(k) Plan covers 286 participants in Massachusetts, about 43% of the average Massachusetts filer (state average ~659 per filing). Assets: $17M.

#13,223
in Professional & Technical Services (20,173 peers)
+95.6%
assets growth YoY

Generate Biomedicines, Inc 401(k) Plan's mid-pack asset rank among Professional & Technical Services and all filers

Generate Biomedicines, Inc 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$16,520,974 Top 34% higher than 66% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Generate Biomedicines, Inc 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Generate Biomedicines, Inc 401(k) Plan sits mid-pack in the medium band (286 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Generate Biomedicines, Inc 401(k) Plan end-of-year assets rose from $8M in the plan year 2023 filing to $17M in the plan year 2024 filing.
  • Generate Biomedicines, Inc 401(k) Plan reported net income rose from $6M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Generate Biomedicines, Inc 401(k) Plan reported participants rose from 221 in the plan year 2023 filing to 286 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 831630228 · Generate Biomedicines, Inc PY 2024 · 401(k)

Generate Biomedicines, Inc 401(k) Plan · $17M · 286 · 66th

  • NET $17M
  • BOOK 286
  • VS-ST 66th
  • BOY 401(k)
  • SCH near Forstrom Bancorporation 401(k) Plan and Trust
  • EBSA ind #13223

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in Massachusetts →

Generate Biomedicines, Inc 401(k) Plan in the asset neighbourhood

Generate Biomedicines, Inc 401(k) PlanGenerate Biomedicines, Inc 4…$17MForstrom Bancorporation 401(k) Plan and TrustForstrom Bancorporation 401(…$17MCoastal Cardiovascular Consult 401(k) Profit Sharing Plan & TrustCoastal Cardiovascular Consu…$17MSummers-Taylor, Inc 401(k) Retirement PlanSummers-Taylor, Inc 401(k) R…$17MBcei 401(k) Plan$17M
End-of-year total assets ($M) among Generate Biomedicines, Inc 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Massachusetts filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$17M
Net Income$8M
Employer EIN831630228
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Generate Biomedicines, Inc)

Sponsor-wide plan assets over time

All Generate Biomedicines, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$17M 95.6182439016766% vs 2023
2024 filing year
$5M$10M$15M$20M 20232024 $8.45M $16.5M ▲ +95.5%
Year Plans Participants Total Assets
2023 1 221 $8M
2024 1 286 $17M

Nearby 401(k) Plans in Massachusetts

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Generate Biomedicines, Inc 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Generate Biomedicines, Inc 401(k) Plan, Total assets ($B): 0.016520974 · Participants: 286Generate Biomedicines, Inc 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 34.201609937 · Participants: 66907Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 11.352606499 · Participants: 34618Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 7.720373045 · Participants: 14762Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 6.775289067 · Participants: 20639Boston Scientific Corporation 401(k) Retirement Savings PlanState Street Salary Savings Program, Total assets ($B): 6.532301643 · Participants: 12777State Street Salary Savings Program
Generate Biomedicines, Inc 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants

Generate Biomedicines, Inc 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Forstrom Bancorporation 401(k) Plan and Trust in MN ($17M); by covered participants it is Roofing Wholesale Co., Inc. 401(k) Plan in AZ (286 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (286 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Generate Biomedicines, Inc 401(k) Plan assets move in 2024?
Generate Biomedicines, Inc 401(k) Plan surged - up 95.6% during 2024, from $8M to $17M. Reported net income was $8M.
How have Generate Biomedicines, Inc plan assets changed over time?
Across 2 plan years on file (2023-2024), Generate Biomedicines, Inc's sponsor-wide assets grew 95.6%, from $8M to $17M.
Which 401(k) plans are similar in size to Generate Biomedicines, Inc 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Forstrom Bancorporation 401(k) Plan and Trust in MN ($17M, 207 participants).
Which 401(k) plans cover a similar participant headcount to Generate Biomedicines, Inc 401(k) Plan?
Among 401(k) plans in other states, the closest by covered participants is Roofing Wholesale Co., Inc. 401(k) Plan in AZ (286 participants, $7M in assets).