Zocdoc, Inc. 401(k) Review & Grade
Zocdoc Retirement Savings Plan
Newyork, NYFinance & Insurance614 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,652Employer $ per active participant
$11,597Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$60.0MNet plan assets, end of year
$58,643Average balance per account
Score breakdown
- Employer generosity16.3 / 5033th percentile for employer $ per participant
- Low cost12.4 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1581th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 49th |
| Employee saving | 81th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,314 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Zocdoc put in about $2,652 per active participant, below the typical peer ($3,606). 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.
- 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 | $1,628,274 |
| Participant (employee) contributions | $7,120,663 |
| Other contributions (incl. rollovers in) | $1,613,645 |
| Administrative expenses paid from the plan | $122,386 |
| Other admin expenses | $16,547 |
| Benefits paid out | $3,143,499 |
| Net assets, start / end of year | $44.6M / $60.0M |
| Active participants, start / end of year | 582 / 646 |
| Participants with account balances | 1,023 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo Usa,p.c. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $102,218 reported compensation |
| Usi Advisors, Inc | $16,547 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013150259NAL0003288754001, received 2025-10-13, EIN 26-0971827, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.