Indeed, Inc. 401(k) Review & Grade
Indeed, Inc. 401(k) Profit-Sharing Plan Trust
Stamford, CTProfessional, Scientific & Technical Services7,105 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,723Employer $ per active participant
$16,029Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$117,959Average balance per account
Score breakdown
- Employer generosity43.7 / 5087th percentile for employer $ per participant
- Low cost21.0 / 2584th 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 score78 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 84th |
| Employee saving | 86th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,492 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Indeed put in about $7,723 per active participant, more than the typical peer ($2,951). 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 | $54,872,000 |
| Participant (employee) contributions | $113,889,347 |
| Other contributions (incl. rollovers in) | $12,603,174 |
| Administrative expenses paid from the plan | $402,166 |
| Contract administrator fees | $300 |
| Other admin expenses | $2,822 |
| Benefits paid out | $90,788,860 |
| Net assets, start / end of year | $895.1M / $1.1B |
| Active participants, start / end of year | 7,655 / 6,555 |
| Participants with account balances | 9,653 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $407,774 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010124302NAL0013133920001, received 2025-10-10, EIN 26-0129478, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.