Porch.com, Inc. 401(k) Review & Grade
Porch 401(k) Plan
Seattle, WAProfessional, Scientific & Technical Services606 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,708Employer $ per active participant
$7,837Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$37.9MNet plan assets, end of year
$48,963Average balance per account
Score breakdown
- Employer generosity15.0 / 5030th percentile for employer $ per participant
- Low cost8.3 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 33th |
| Employee saving | 41th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $340,572 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Porch.com put in about $1,708 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.
- Direct plan expenses (0.37% 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.
- 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 | $1,035,623 |
| Participant (employee) contributions | $4,753,060 |
| Other contributions (incl. rollovers in) | $1,085,994 |
| Administrative expenses paid from the plan | $96,558 |
| Investment advisory & management fees | $50,053 |
| Benefits paid out | $2,971,194 |
| Net assets, start / end of year | $14.4M / $37.9M |
| Active participants, start / end of year | 526 / 687 |
| Participants with account balances | 774 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Creative Planning LLC | $50,372 reported compensation |
| Fidelity Investments Institutional | $46,505 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251124164945NAL0002008961001, received 2025-11-24, EIN 90-0781625, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.