Pinterest, Inc. 401(k) Review & Grade
Pinterest 401(k) Plan
San Francisco, CAInformation3,198 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,011Employer $ per active participant
$25,236Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$582.8MNet plan assets, end of year
$122,160Average balance per account
Score breakdown
- Employer generosity37.3 / 5075th percentile for employer $ per participant
- Low cost23.2 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Information plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 93th |
| Employee saving | 95th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Corrective distributions: the plan refunded $18,103 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pinterest put in about $6,011 per active participant, more than the typical peer ($3,691). 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.
- 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 | $19,220,652 |
| Participant (employee) contributions | $80,691,365 |
| Other contributions (incl. rollovers in) | $13,644,373 |
| Administrative expenses paid from the plan | $118,261 |
| Other admin expenses | $118,261 |
| Benefits paid out | $22,297,889 |
| Net assets, start / end of year | $418.8M / $582.8M |
| Active participants, start / end of year | 2,968 / 3,427 |
| Participants with account balances | 4,771 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Miller Kaplan Arase, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $84,304 reported compensation |
| Vanguard Advisers Inc. | $36,957 reported compensation |
| Charles Schwab & Co., Inc. | $5,011 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014154846NAL0004427104001, received 2025-10-14, EIN 26-3607129, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.