The Realreal 401(k) Review & Grade
The Realreal 401(k) Plan
San Francisco, CARetail Trade3,972 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$195Employer $ per active participant
$2,675Employee $ saved per active participant
0.63%Direct admin cost, % of plan assets
$60.8MNet plan assets, end of year
$14,836Average balance per account
Score breakdown
- Employer generosity7.1 / 5014th percentile for employer $ per participant
- Low cost2.3 / 259th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 9th |
| Employee saving | 62th |
| Peers that auto-enroll | 42% |
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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,268 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Realreal put in about $195 per active participant, below the typical peer ($650). 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 (0.63% of assets) are well above similar-size plans (0.12%). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $772,938 |
| Participant (employee) contributions | $10,625,775 |
| Other contributions (incl. rollovers in) | $1,235,704 |
| Administrative expenses paid from the plan | $345,599 |
| Benefits paid out | $8,088,048 |
| Net assets, start / end of year | $48.9M / $60.8M |
| Active participants, start / end of year | 3,505 / 4,439 |
| Participants with account balances | 4,101 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Aprio LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $345,599 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014192141NAL0001771699001, received 2025-10-14, EIN 45-1234222, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.