Monday.com Inc. 401(k) Review & Grade
Monday.com Inc. 401(k) Retirement Plan and Trust
New York, NYProfessional, Scientific & Technical Services524 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,713Employer $ per active participant
$9,907Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$31.1MNet plan assets, end of year
$45,939Average balance per account
Score breakdown
- Employer generosity35.8 / 5072th percentile for employer $ per participant
- Low cost8.5 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score63 / 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 | 72th |
| Lower admin cost | 34th |
| Employee saving | 58th |
| 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
- Monday.com put in about $4,713 per active participant, more than the typical peer ($3,082). 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.
- Direct plan expenses (0.36% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $2,469,430 |
| Participant (employee) contributions | $5,191,221 |
| Other contributions (incl. rollovers in) | $2,754,595 |
| Administrative expenses paid from the plan | $90,712 |
| Benefits paid out | $1,793,311 |
| Net assets, start / end of year | $19.2M / $31.1M |
| Active participants, start / end of year | 457 / 591 |
| Participants with account balances | 677 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lilling & Company LLP |
Largest service providers (Schedule C)
| Morgan Stanley Smith Barney | $48,244 reported compensation |
| Adp, Inc. | $42,467 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003053109NAL0001074049001, received 2025-10-03, EIN 36-4869970, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.