Plan Ledger DOL Form 5500 · updated monthly

Intuit Inc.401(k)

INTUIT INC. 401(K) PLAN · MOUNTAIN VIEW, CA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Intuit Inc. reported $226,512 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,076 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 0.04% to 0.01%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 37th-largest of 9,483 plans among California employers on file, and the 95th of 13,661 in manufacturing. In 2024, employees put in $1.83 for every $1.00 the employer contributed; active participation has grown from 19,607 to 24,200 since 2022.

Plan summary
Net assets, end of year$3,683,174,030
Participants with balances33,168
Active participants24,200
Employer contributions$122,847,147
Employee contributions$224,918,615
Employer contribution per active participant$5,076
Average account balance$111,046
Benefits paid to participants$322,158,512
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.7B · 33,168 accts · $122.8M emplr
2023$3.1B · 30,182 accts · $114.3M emplr
2022$2.5B · 29,873 accts · $107.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$221,412
Total administrative$226,512
The Intuit Inc. 401(k) match · 2024
Employer contribution per active participant$5,076
Median for plans this size$5,259
2024$5,076 per active participant
2023$5,538 per active participant
2022$5,481 per active participant

Intuit Inc.'s 2024 employer contribution ran below the $5,259 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.

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 · 20249
EMPOWER ANNUITY INSURANCE COMPANY · Loan processing · Recordkeeping$129,200
MORNINGSTAR INVESTMENT SERVICE · Investment advisory (participants)$58,450
FORTUNE WEALTH MANAGEMENT LLC · Investment advisory (participants)$27,764
CHARLES SCHWAB & CO. INC. · Investment advisory (participants) · Securities brokerage$24,154
TCI WEALTH ADVISORS INC · Investment advisory (participants)$14,546
GOLDEN STATE EQUITY PARTNERS L · Investment advisory (participants)$12,438
EP WEALTH ADVISORS LLC · Investment advisory (participants)$10,207
DYNAMIC WEALTH ADVISORS · Investment advisory (participants)$6,728
QDRO CONSULTANTS CO LLC · Consulting$5,100

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

Recordkeeper by year2
2024Empower
2023Empower

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$226,512 · 0.01%
2023$1,319,451 · 0.05%
2022$1,103,450 · 0.04%
Same employer
Similar plansManufacturing · California
Amgen Inc. CA$7.7B · 0.13%
Applied Materials, Inc. CA$6.2B · 0.04%
Gilead Sciences, Inc. CA$4.3B · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770034661 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.