Plan Ledger DOL Form 5500 · updated monthly

Credit Karma, LLC401(k)

CREDIT KARMA, LLC RETIREMENT TRUST · OAKLAND, CA · plan year 2024

Reported admin expense ratio · 2024
0.08%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Credit Karma, LLC reported $237,835 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $11,541 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.10% to 0.08%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other information & media employers. By assets it is the 357th-largest of 9,483 plans among California employers on file, and the 123rd of 2,199 in information & media. In 2024, employees put in $1.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$359,295,823
Participants with balances2,102
Active participants1,536
Employer contributions$17,727,560
Employee contributions$30,571,610
Employer contribution per active participant$11,541
Average account balance$170,930
Benefits paid to participants$11,613,720
Plan auditUnmodified (clean) audit opinion
AuditorBPM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$359.3M · 2,102 accts · $17.7M emplr
2023$272.5M · 2,087 accts · $18.0M emplr
2022$188.4M · 2,026 accts · $16.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$154,612
Investment management$83,223
Total administrative$237,835
The Credit Karma, LLC 401(k) match · 2024
Employer contribution per active participant$11,541
Median for plans this size$4,294
2024$11,541 per active participant
2023$11,921 per active participant
2022$9,908 per active participant

Credit Karma, LLC's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$154,612
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$83,223

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$237,835 · 0.08%
2023$244,740 · 0.11%
2022$185,143 · 0.10%
Same employer
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Roku, Inc. CA$363.0M · 0.02%
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Source: U.S. Department of Labor, Form 5500 series, EIN 260451139 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.