Plan Ledger DOL Form 5500 · updated monthly

Redfin Corporation401(k)

REDFIN 401(K) PROFIT SHARING PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Redfin Corporation reported $408,836 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $1,793 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 0.26% to 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 100th-largest of 1,714 plans among Washington employers on file, and the 54th of 2,096 in real estate & leasing. In 2024, employees put in $4.52 for every $1.00 the employer contributed; active participation has shrunk from 4,007 to 3,506 since 2022.

Plan summary
Net assets, end of year$223,226,507
Participants with balances5,127
Active participants3,506
Employer contributions$6,285,236
Employee contributions$28,424,169
Employer contribution per active participant$1,793
Average account balance$43,539
Benefits paid to participants$20,191,800
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$223.2M · 5,127 accts · $6.3M emplr
2023$180.7M · 5,067 accts · $6.6M emplr
2022$139.4M · 5,803 accts · $9.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$363,836
Investment management$45,000
Total administrative$408,836
The Redfin Corporation 401(k) match · 2024
Employer contribution per active participant$1,793
Median for plans this size$3,635
2024$1,793 per active participant
2023$1,990 per active participant
2022$2,472 per active participant

Redfin Corporation's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$363,836
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)$45,000
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$408,836 · 0.20%
2023$364,166 · 0.23%
2022$355,129 · 0.26%
Same employer
Similar plansReal Estate & Leasing · Washington
Zillow Group, Inc. WA$849.8M · 0.03%
AVENUE5 Residential, LLC WA$102.1M · 0.42%
Holland Residential, LLC WA$68.7M · 0.17%
Unico Properties LLC WA$62.6M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 743064240 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.