Plan Ledger DOL Form 5500 · updated monthly

Robinhood Markets, Inc.401(k)

ROBINHOOD 401(K) PLAN · MENLO PARK, CA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Robinhood Markets, Inc. reported $103,498 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,590 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 0.07% to 0.05%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 485th-largest of 9,483 plans among California employers on file, and the 505th of 4,798 in finance & insurance. In 2024, employees put in $2.94 for every $1.00 the employer contributed; active participation has shrunk from 2,433 to 2,160 since 2022.

Plan summary
Net assets, end of year$246,198,430
Participants with balances3,568
Active participants2,160
Employer contributions$12,075,087
Employee contributions$35,527,825
Employer contribution per active participant$5,590
Average account balance$69,002
Benefits paid to participants$27,491,019
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$246.2M · 3,568 accts · $12.1M emplr
2023$181.8M · 3,857 accts · $10.6M emplr
2022$122.6M · 4,048 accts · $13.7M emplr
The Robinhood Markets, Inc. 401(k) match · 2024
Employer contribution per active participant$5,590
Median for plans this size$3,635
2024$5,590 per active participant
2023$4,828 per active participant
2022$5,643 per active participant

Robinhood Markets, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20241
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$107,948

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$103,498 · 0.05%
2023$100,683 · 0.07%
2022$73,818 · 0.07%
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Source: U.S. Department of Labor, Form 5500 series, EIN 464364776 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.