Path 401(k) Review & Grade
Path Profit Sharing 401(k) Incentive Plan
Seattle, WAOther Services556 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$15,806Employer $ per active participant
$14,981Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$300.8MNet plan assets, end of year
$279,787Average balance per account
Score breakdown
- Employer generosity50.0 / 50100th percentile for employer $ per participant
- Low cost20.9 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 1599th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score86 / 100 · Grade A
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 83th |
| Employee saving | 99th |
| Peers that auto-enroll | 40% |
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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 ($2,139,796 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
- Path put in about $15,806 per active participant, more than the typical peer ($1,257). 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 | $8,788,309 |
| Participant (employee) contributions | $8,329,705 |
| Other contributions (incl. rollovers in) | $1,209,133 |
| Administrative expenses paid from the plan | $181,664 |
| Investment advisory & management fees | $23,419 |
| Other admin expenses | $76,183 |
| Benefits paid out | $30,146,275 |
| Net assets, start / end of year | $273.0M / $300.8M |
| Active participants, start / end of year | 580 / 532 |
| Participants with account balances | 1,075 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clark Nuber, PS |
Largest service providers (Schedule C)
| Sellwood Consulting LLC | $92,904 reported compensation |
| T Rowe Price RPS Inc | $55,392 reported compensation |
| Clark Nuber PS | $25,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003185519NAL0002720144001, received 2025-10-03, EIN 91-1157127, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.