Plan Snapshot
- Plan Sponsor: Sofi Technologies
- Sponsor EIN: 452499523
- Sponsor Address: 234 1ST STREET, SAN FRANCISCO, CA, 94105
- Plan Type: 401(k)
- Total Participants: 3,688
- Total Assets: $192.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 3,688 | $192.9M | $26,250 | $34.7M |
| 2023 | 3,240 | $139.7M | $73 | $28.7M |
| 2022 | 2,911 | $89.3M | $0 | $22.9M |
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 |
|---|---|---|---|---|
| CROWE, LLP | Auditor | — | — | $0 |
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 | $61,799 | — | — | — | — |
| 2023 | $35,526 | — | — | — | — |
| 2022 | $23,884 | — | $23,884 | — | — |