Red Hat, Inc.401(k)
RED HAT, INC. 401(K) AND PROFIT SHARING PLAN · RALEIGH, NC · plan year 2024
Red Hat, Inc.'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 $1,941,650,795 across 9,351 participant accounts, with employer contributions averaging $5,060 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other professional & technical services employers. By assets it is the 25th-largest of 2,005 plans among North Carolina employers on file, and the 85th of 11,654 in professional & technical services. In 2024, employees put in $3.46 for every $1.00 the employer contributed.
Red Hat, 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.
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 061364380 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.