Capital One Financial 401(k) match, vesting and fees
What Capital One Financial's 401(k) plan says about matching contributions
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Match vesting | Participant contributions and the Company’s basic safe-harbor non-elective contributions vest immediately, along with earnings on those contributions. The Company’s matching contributions plus actual earnings thereon vest after two years of service. | 2024 audit report, p. 137 ↗ |
| Automatic enrollment | Eligible employees are automatically enrolled in the Plan immediately upon hire unless they elect to opt-out of Plan participation. | 2024 audit report, p. 136 ↗ |
| Roth contributions | Under the Plan, participants can elect to make annual pre-tax and Roth contributions of no more than 50% of their eligible compensation, subject to Internal Revenue Service (“IRS”) limitations. | 2024 audit report, p. 136 ↗ |
| Loans | Participants may elect to borrow from their fund accounts a minimum of $1,000 and up to a maximum of the lesser of $50,000 or 50% of their vested account balance. Loan transactions are treated as a transfer from (to) the investment fund to (from) the loan fund. Loan terms typically range from one to five years, but can extend up to ten years if used toward the purchase of a primary residence. The loans are secured by the balance in the participant’s account and bear interest at a fixed rate commensurate with prevailing rates as determined by the Benefits Committee (currently at a rate of Prime plus 2%). | 2024 audit report, p. 139 ↗ |
| Recordkeeper | Fidelity Investments Institutional | 2025 Schedule C ↗ |
| Independent auditor | Ernst & Young LLP (unmodified opinion) | 2025 Schedule H ↗ |
| Plan type and status | 401(k) · Active | 2025 Form 5500 ↗ |
Match, vesting and other plan features are from the plan year 2024 filing's audit report (the latest one extracted so far). Rows cited to the Form 5500 and its schedules are from the plan year 2025 filing.
How the plan compares
Plan year 2025 medians for 40 defined-contribution plans with 50,000 or more participants.
| Capital One Financial: employer contribution per participant | $6,867 | |
| Peer median | $2,694 |
| Capital One Financial: average balance | $250,414 | |
| Peer median | $150,340 |
| Capital One Financial: admin expenses ÷ assets | 0.08% | |
| Peer median | 0.03% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $9.5B at the end of plan year 2021 to $18.3B at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 91,543 | $18.3B | $503M | $6,867 | 0.08% | Not published | Form 5500 ↗ |
| 2024 | 68,906 | $12B | $466M | $6,766 | 0.13% | Not published | Form 5500 ↗ |
| 2023 | 66,717 | $10.2B | $465M | $6,978 | 0.15% | Not published | Form 5500 ↗ |
| 2022 | 68,271 | $8.2B | $413M | $6,065 | 0.19% | Not published | Form 5500 ↗ |
| 2021 | 62,572 | $9.5B | $355M | $5,693 | 0.19% | Not published | Form 5500 ↗ |
Other Capital One Financial plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Capital One Financial Corporation Cash Balance Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Ernst & Young (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Capital One Financial match 401(k) contributions?
The match terms for the Capital One Financial Corporation Associate Savings Plan have not been published from its filing yet. The plan year 2025 filing reports $503M in employer contributions, about $6,867 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Capital One Financial 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 137 says: “Participant contributions and the Company’s basic safe-harbor non-elective contributions vest immediately, along with earnings on those contributions. The Company’s matching contributions plus actual earnings thereon vest after two years of service.”
Who manages the Capital One Financial 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Fidelity Investments Institutional. The plan administrator is Capital One Financial Corporation.
I left Capital One Financial. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Capital One Financial Corporation, (804) 284-6600) or the recordkeeper, Fidelity Investments Institutional. The Capital One Financial old 401(k) page lists the contacts from every plan filing. Find an old Capital One Financial 401(k)
Data from the public Form 5500 annual reports Capital One Financial filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Capital One Financial. Not financial advice. Report a correction · Methodology