Funko, LLC 401(k) Review & Grade
Funko 401(k) Plan
Everett, WARetail Trade1,108 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,663Employer $ per active participant
$4,557Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$44.9MNet plan assets, end of year
$24,947Average balance per account
Score breakdown
- Employer generosity45.8 / 5092th percentile for employer $ per participant
- Low cost16.6 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving11.2 / 1575th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 66th |
| Employee saving | 75th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($200,438 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
- Funko put in about $2,663 per active participant, more than the typical peer ($743). 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 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 | $2,949,034 |
| Participant (employee) contributions | $5,047,352 |
| Other contributions (incl. rollovers in) | $1,092,449 |
| Administrative expenses paid from the plan | $53,855 |
| Contract administrator fees | $33,294 |
| Investment advisory & management fees | $18,211 |
| Other admin expenses | $2,350 |
| Benefits paid out | $4,782,860 |
| Net assets, start / end of year | $35.4M / $44.9M |
| Active participants, start / end of year | 1,145 / 1,070 |
| Participants with account balances | 1,800 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | VWC, P.S. |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $36,292 reported compensation |
| Voya Retirement Advisors, LLC | $13,509 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014103612NAL0003651584001, received 2025-10-14, EIN 20-2508659, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.