Faithlife, LLC401(k)
FAITHLIFE 401(K) PLAN · BELLINGHAM, WA · plan year 2024
Faithlife, LLC's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $34,611,357 across 439 participant accounts, with employer contributions averaging $4,008 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 469th-largest of 1,714 plans among Washington employers on file, and the 3,725th of 11,654 in professional & technical services. In 2024, employees put in $2.24 for every $1.00 the employer contributed; active participation has shrunk from 306 to 261 since 2022.
Faithlife, LLC's 2024 employer contribution ran above the $2,416 median for plans its size. 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.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 223147956 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.