Meta Platforms, Inc. 401(k) Review & Grade
Meta Platforms, Inc 401(k) Plan
Menlo Park, CAInformation55,018 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$12,186Employer $ per active participant
$30,973Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$16.5BNet plan assets, end of year
$197,107Average balance per account
Score breakdown
- Employer generosity50.0 / 50100th percentile for employer $ per participant
- Low cost24.9 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score97 / 100 · Grade A
This plan vs. peers
Peers: Information plans with 10,000+ active participants (30 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 99th |
| Employee saving | 100th |
| Peers that auto-enroll | 60% |
Red flags from the filing
Corrective distributions: the plan refunded $372,064 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Meta Platforms put in about $12,186 per active participant, more than the typical peer ($5,217). 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 | $670,442,409 |
| Participant (employee) contributions | $1,704,113,876 |
| Other contributions (incl. rollovers in) | $311,501,739 |
| Administrative expenses paid from the plan | $206,548 |
| Contract administrator fees | $19,500 |
| Investment advisory & management fees | $69,076 |
| Benefits paid out | $658,460,048 |
| Net assets, start / end of year | $12.2B / $16.5B |
| Active participants, start / end of year | 51,434 / 58,603 |
| Participants with account balances | 83,487 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $456,978 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250626144952NAL0012969680001, received 2025-06-26, EIN 20-1665019, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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