Confluent, Inc 401(k) Review & Grade
Confluent, Inc. Retirement Trust
Mountain View, CAProfessional, Scientific & Technical Services1,643 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8Employer $ per active participant
$21,520Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$171.7MNet plan assets, end of year
$92,351Average balance per account
Score breakdown
- Employer generosity2.9 / 506th percentile for employer $ per participant
- Low cost24.0 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 1599th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 96th |
| Employee saving | 99th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $40,669 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Confluent put in about $8 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.
- 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 | $12,499 |
| Participant (employee) contributions | $35,357,466 |
| Other contributions (incl. rollovers in) | $5,490,781 |
| Administrative expenses paid from the plan | $25,976 |
| Benefits paid out | $12,584,041 |
| Net assets, start / end of year | $120.8M / $171.7M |
| Active participants, start / end of year | 1,613 / 1,673 |
| Participants with account balances | 1,859 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sensiba LLP |
Largest service providers (Schedule C)
| Sensiba San Filippo LLP | $16,280 reported compensation |
| Fidelity Investments Institutional | $11,316 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250613122444NAL0017559201001, received 2025-06-13, EIN 47-1824387, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.