Snowflake Inc. 401(k) Review & Grade
Snowflake Inc. 401(k) Plan
Menlo Park, CAInformation4,448 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$0Employer $ per active participant
$25,328Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$529.4MNet plan assets, end of year
$95,685Average balance per account
Score breakdown
- Employer generosity1.7 / 503th percentile for employer $ per participant
- Low cost21.2 / 2585th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 85th |
| Employee saving | 97th |
| Peers that auto-enroll | 63% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $118,130 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Snowflake put in about $0 per active participant, below the typical peer ($3,691). 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.
- 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 | $559 |
| Participant (employee) contributions | $112,659,940 |
| Other contributions (incl. rollovers in) | $42,137,746 |
| Administrative expenses paid from the plan | $169,557 |
| Investment advisory & management fees | $51,998 |
| Benefits paid out | $38,699,499 |
| Net assets, start / end of year | $347.4M / $529.4M |
| Active participants, start / end of year | 4,125 / 4,771 |
| Participants with account balances | 5,533 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $105,620 reported compensation |
| Strategic Advisors, Inc. | $29,179 reported compensation |
| Sageview Advisory Group, LLC | $22,819 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007143826NAL0004735857001, received 2025-10-07, EIN 46-0636374, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.