Wix.com, Inc. 401(k) Review & Grade
Wix.com, Inc. 401(k) Plan
New York, NYInformation558 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,021Employer $ per active participant
$5,937Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$39.7MNet plan assets, end of year
$42,468Average balance per account
Score breakdown
- Employer generosity26.7 / 5053th percentile for employer $ per participant
- Low cost12.3 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 49th |
| Employee saving | 29th |
| Peers that auto-enroll | 59% |
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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
- Wix.com put in about $3,021 per active participant, more than the typical peer ($2,829). 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 | $1,687,433 |
| Participant (employee) contributions | $3,315,674 |
| Other contributions (incl. rollovers in) | $463,688 |
| Administrative expenses paid from the plan | $86,555 |
| Benefits paid out | $5,191,739 |
| Net assets, start / end of year | $33.9M / $39.7M |
| Active participants, start / end of year | 599 / 518 |
| Participants with account balances | 934 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sensiba LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $86,555 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008094041NAL0013392338001, received 2025-10-08, EIN 26-2104214, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.