Squarespace, Inc. 401(k) Review & Grade
Squarespace, Inc. 401(k) Plan
New York, NYProfessional, Scientific & Technical Services1,416 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,914Employer $ per active participant
$14,797Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$187.2MNet plan assets, end of year
$102,058Average balance per account
Score breakdown
- Employer generosity39.4 / 5079th percentile for employer $ per participant
- Low cost19.2 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1588th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score72 / 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 | 79th |
| Lower admin cost | 77th |
| Employee saving | 88th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $67,118 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Squarespace put in about $5,914 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.
- 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 | $8,373,841 |
| Participant (employee) contributions | $20,951,982 |
| Other contributions (incl. rollovers in) | $3,617,104 |
| Administrative expenses paid from the plan | $146,188 |
| Benefits paid out | $12,579,899 |
| Net assets, start / end of year | $141.2M / $187.2M |
| Active participants, start / end of year | 1,467 / 1,365 |
| Participants with account balances | 1,834 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $146,188 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014141855NAL0001490547001, received 2025-10-14, EIN 20-0375811, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.