Plan Ledger DOL Form 5500 · updated monthly

Nerdwallet, Inc.401(k)

NERDWALLET, INC. 401(K) PROFIT SHARING PLAN AND TRUST · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Nerdwallet, Inc. reported $46,982 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,609 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 0.06% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 894th-largest of 9,483 plans among California employers on file, and the 1,316th of 11,654 in professional & technical services. In 2024, employees put in $2.65 for every $1.00 the employer contributed; active participation has shrunk from 730 to 537 since 2022.

Plan summary
Net assets, end of year$115,724,514
Participants with balances1,114
Active participants537
Employer contributions$4,085,918
Employee contributions$10,833,820
Employer contribution per active participant$7,609
Average account balance$103,882
Benefits paid to participants$14,059,164
Plan auditUnmodified (clean) audit opinion
AuditorBPM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$115.7M · 1,114 accts · $4.1M emplr
2023$98.4M · 1,158 accts · $4.5M emplr
2022$72.5M · 1,138 accts · $4.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,982
Total administrative$46,982
The Nerdwallet, Inc. 401(k) match · 2024
Employer contribution per active participant$7,609
Median for plans this size$3,635
2024$7,609 per active participant
2023$6,405 per active participant
2022$5,868 per active participant

Nerdwallet, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$48,976

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$46,982 · 0.04%
2023$41,483 · 0.05%
2022$43,020 · 0.06%
Same employer
Similar plansProfessional & Technical Services · California
Nossaman LLP CA$120.0M · 0.09%
Keker, van Nest & Peters LLP CA$118.5M · 0.24%
Rubin Postaer and Associates CA$118.0M · 0.17%
Plaid Inc. CA$114.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454180440 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.