Plan Snapshot
- Plan Sponsor: Remitly, INC.
- Sponsor EIN: 452441988
- Sponsor Address: 401 UNION STREET, SUITE 1000, SEATTLE, WA, 98101
- Plan Type: 401(k)
- Total Participants: 792
- Total Assets: $57.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 792 | $57.1M | $2.5M | $14.6M |
| 2023 | 714 | $37.3M | $562,653 | $8.6M |
| 2022 | 590 | $21.8M | $455,600 | $6.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| BAKER TILLY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $57,110 | $2,629 | $44,062 | — | — |
| 2023 | $68,895 | — | $68,895 | — | — |
| 2022 | $46,382 | — | $46,382 | — | — |