Plan Ledger DOL Form 5500 · updated monthly

Rivian, LLC401(k)

RIVIAN, LLC 401(K) PLAN · IRVINE, CA · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Rivian, LLC reported $1,280,477 in plan administrative expenses for 2024: 0.26% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,686 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 0.33% to 0.26%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 232nd-largest of 9,483 plans among California employers on file, and the 521st of 13,661 in manufacturing. In 2024, employees put in $3.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$567,329,330
Participants with balances12,736
Active participants14,247
Employer contributions$24,018,161
Employee contributions$89,943,374
Employer contribution per active participant$1,686
Average account balance$44,545
Benefits paid to participants$64,082,387
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$567.3M · 12,736 accts · $24.0M emplr
2023$423.2M · 12,540 accts · $24.4M emplr
2022$256.9M · 10,731 accts · $21.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$837,399
Investment management$274,484
Total administrative$1,280,477
The Rivian, LLC 401(k) match · 2024
Employer contribution per active participant$1,686
Median for plans this size$4,294
2024$1,686 per active participant
2023$1,497 per active participant
2022$1,536 per active participant

Rivian, LLC's 2024 employer contribution ran below the $4,294 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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$274,484

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$1,280,477 · 0.26%
2023$907,274 · 0.27%
2022$715,602 · 0.33%
Same employer
Similar plansManufacturing · California
Envista Holdings Corporation CA$591.6M · 0.06%
Sanmina Corporation CA$590.4M · 0.06%
Quidelortho Corporation CA$584.1M · 0.04%
Pure Storage, Inc. CA$581.3M · 0.04%
The Cooper Companies, Inc. CA$557.5M · 0.06%
Solar Turbines Incorporated CA$548.8M · 0.08%
Crowdstrike, Inc. CA$481.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844942307 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.