Discord Inc. 401(k) Review & Grade
Discord Inc. 401(k) Plan
San Francisco, CAProfessional, Scientific & Technical Services887 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,012Employer $ per active participant
$14,317Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$68.1MNet plan assets, end of year
$71,814Average balance per account
Score breakdown
- Employer generosity9.9 / 5020th percentile for employer $ per participant
- Low cost23.8 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 95th |
| Employee saving | 86th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,042 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Discord put in about $1,012 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 | $897,827 |
| Participant (employee) contributions | $12,698,956 |
| Other contributions (incl. rollovers in) | $6,102,148 |
| Administrative expenses paid from the plan | $11,697 |
| Benefits paid out | $6,674,575 |
| Net assets, start / end of year | $46.4M / $68.1M |
| Active participants, start / end of year | 937 / 837 |
| Participants with account balances | 948 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $11,697 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008171055NAL0003456355001, received 2025-10-08, EIN 45-4908598, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.