Retirement plan
META PLATFORMS, INC 401(K) PLAN
META PLATFORMS, INC.EIN 20-1665019Plan #001PY 2024
1 META WAY - MENLO PARK, CA 94025650-543-4800en.wikipedia.org/wiki/meta_platformsLinkedIn10001+ employeesaccounting
Prospect flagsCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
KAYE DOWNEY
Signed 06/26/2025
Summary metrics
Total assets (EOY)
$16455.9M
-42.6% from 2016
Total participants
84,993
-26.4% from 2016
Average account balance
$197,108
-19.4% from 2016
Annual return
20.71%
-14.07 pp from 2016
Benchmarks
Peer group
Industry51 - Information
Plan typeDefined contribution
Participants>=10,000
Cohort39 peers
Snapshot2024
89
Participant deferral / active EE
$29,079
median $10,277
97
Employer contribution / active EE
$11,440
median $5,169
68
Participation rate
97.4%
median 96.1%
61
Avg account balance
$197,108
median $169,051
89
Admin fee / account holder
$2
median $59
89
Annual return
20.71%
median 15.47%
Overall peer rank
82of 100
82nd percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$16.46B
Average account balance
Total assets / participants with a balance (line 6g)
$197K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
83,487
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
97.4%
Contributions (total)
Employer and participant dollars contributed each year
$2.37B
Contributions per participant
Average employer and participant contribution per enrolled participant
$41K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+20.71%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$2
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 1 by compensation
| Provider | Service type | Compensation |
|---|---|---|
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786 | Loan Processing | $456,978 |
Plan features & details
Pension benefit codes2T3H2J2E2G2F2K2S3D2R
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3DPre-approved pension planA master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
1 tripped
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$207K
$4 / participant
- Recordkeeping$118K57.1%
- Investment mgmt$69K33.4%
- Contract admin$20K9.4%
% of EOY assets
0.001%
all-in expense ratio
Categories reported
3 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- ERNST & YOUNG LLP
- Auditor EIN
- 346565596
- Audit fees
- $0
- Opinion code
- Unqualified