Plan Ledger DOL Form 5500 · updated monthly

Workday, Inc.401(k)

WORKDAY, INC. 401(K) PLAN · PLEASANTON, CA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Workday, Inc. reported $1,324,444 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $5,469 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 0.08% to 0.06%. 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 51st-largest of 9,483 plans among California employers on file, and the 57th of 11,654 in professional & technical services. In 2024, employees put in $3.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,611,151,616
Participants with balances14,983
Active participants12,750
Employer contributions$69,727,407
Employee contributions$251,160,207
Employer contribution per active participant$5,469
Average account balance$174,274
Benefits paid to participants$130,754,459
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.6B · 14,983 accts · $69.7M emplr
2023$2.0B · 14,128 accts · $63.7M emplr
2022$1.4B · 13,385 accts · $54.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$439,606
Investment management$449,131
Total administrative$1,324,444
The Workday, Inc. 401(k) match · 2024
Employer contribution per active participant$5,469
Median for plans this size$5,259
2024$5,469 per active participant
2023$5,262 per active participant
2022$4,649 per active participant

Workday, Inc.'s 2024 employer contribution ran above 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.

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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$478,266
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$449,131
THE SEGAL COMPANY INC · Consulting · Other services$304,457
ABD RETIREMENT SERVICES, INC. · Consulting · Investment advisory (plan)$131,250

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$1,324,444 · 0.06%
2023$989,522 · 0.06%
2022$1,219,344 · 0.08%
Same employer
Similar plansProfessional & Technical Services · California
Vmware, Inc. CA$4.1B · 0.01%
Latham & Watkins LLP CA$3.1B · 0.05%
General Atomics CA$2.8B · 0.06%
Synopsys, Inc. CA$2.7B · 0.03%
Paypal Holdings, Inc. CA$2.2B · 0.03%
Tetra Tech, Inc. CA$2.2B · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202480422 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.