Wayfair LLC 401(k) Review & Grade
Wayfair LLC 401(k) Plan & Trust
Boston, MAProfessional, Scientific & Technical Services11,748 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,199Employer $ per active participant
$5,067Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$786.1MNet plan assets, end of year
$61,699Average balance per account
Score breakdown
- Employer generosity17.4 / 5035th percentile for employer $ per participant
- Low cost13.3 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 53th |
| Employee saving | 28th |
| Peers that auto-enroll | 39% |
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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 ($4,371 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $10,444 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Wayfair put in about $2,199 per active participant, below the typical peer ($2,932). 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 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 | $25,836,400 |
| Participant (employee) contributions | $59,532,973 |
| Other contributions (incl. rollovers in) | $5,620,515 |
| Administrative expenses paid from the plan | $601,750 |
| Contract administrator fees | $1,800 |
| Investment advisory & management fees | $152,497 |
| Other admin expenses | $112,860 |
| Benefits paid out | $121,956,570 |
| Net assets, start / end of year | $712.4M / $786.1M |
| Active participants, start / end of year | 11,599 / 11,897 |
| Participants with account balances | 12,741 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $298,592 reported compensation |
| Strategic Advisors, Inc. | $152,497 reported compensation |
| Towers Watson Invest. Services, Inc | $112,860 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015161109NAL0002727827001, received 2025-10-15, EIN 26-2188108, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.