Atlassian US, Inc. 401(k) Review & Grade
Atlassian 401(k) Plan
San Francisco, CAInformation4,718 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,090Employer $ per active participant
$20,307Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$750.2MNet plan assets, end of year
$125,048Average balance per account
Score breakdown
- Employer generosity43.2 / 5086th percentile for employer $ per participant
- Low cost24.1 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving14.0 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Information plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 96th |
| Employee saving | 93th |
| Peers that auto-enroll | 63% |
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 ($2,267 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $24,117 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Atlassian US put in about $8,090 per active participant, more than the typical peer ($3,691). 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.
- 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 | $38,169,430 |
| Participant (employee) contributions | $95,806,524 |
| Other contributions (incl. rollovers in) | $33,668,641 |
| Administrative expenses paid from the plan | $93,460 |
| Contract administrator fees | $600 |
| Benefits paid out | $52,027,592 |
| Net assets, start / end of year | $536.5M / $750.2M |
| Active participants, start / end of year | 4,404 / 5,032 |
| Participants with account balances | 5,999 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $94,197 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013142953NAL0003195410001, received 2025-10-13, EIN 59-3797948, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.