Gofundme, Inc. 401(k) Review & Grade
Gofundme 401(k) Plan
Redwood City, CAProfessional, Scientific & Technical Services682 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,903Employer $ per active participant
$12,263Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$61.1MNet plan assets, end of year
$66,037Average balance per account
Score breakdown
- Employer generosity23.5 / 5047th percentile for employer $ per participant
- Low cost23.4 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 94th |
| Employee saving | 76th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Gofundme put in about $2,903 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $1,980,038 |
| Participant (employee) contributions | $8,363,457 |
| Other contributions (incl. rollovers in) | $1,333,314 |
| Administrative expenses paid from the plan | $14,605 |
| Investment advisory & management fees | $298 |
| Benefits paid out | $5,725,327 |
| Net assets, start / end of year | $47.1M / $61.1M |
| Active participants, start / end of year | 680 / 684 |
| Participants with account balances | 925 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sensiba LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $14,307 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008151208NAL0006050849001, received 2025-10-08, EIN 26-3208938, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.