Credit Karma 401(k) match, vesting and fees
What Credit Karma's 401(k) plan says about matching contributions
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.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Bpm LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 235 defined-contribution plans in information with 1,000 to 4,999 participants.
| Credit Karma: employer contribution per participant | $8,434 | |
| Peer median | $2,212 |
| Credit Karma: average balance | $170,930 | |
| Peer median | $99,173 |
| Credit Karma: admin expenses ÷ assets | 0.08% | |
| Peer median | 0.09% |
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 $180M at the end of plan year 2021 to $359M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,126 | $359M | $17.7M | $8,434 | 0.08% | Not published | Form 5500 ↗ |
| 2023 | 2,123 | $272M | $18M | $8,603 | 0.11% | Not published | Form 5500 ↗ |
| 2022 | 2,151 | $188M | $16.4M | $8,113 | 0.10% | Not published | Form 5500 ↗ |
| 2021 | 1,818 | $180M | $12M | $7,355 | 0.09% | Not published | Form 5500 ↗ |
Common questions
Does Credit Karma match 401(k) contributions?
The match terms for the Credit Karma, LLC Retirement Trust have not been published from its filing yet. The plan year 2024 filing reports $17.7M in employer contributions, about $8,434 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Credit Karma 401(k) match vested?
The vesting schedule for the Credit Karma, LLC Retirement Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Credit Karma 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Credit Karma, LLC.
I left Credit Karma. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Credit Karma, LLC, (415) 503-9768) or the recordkeeper, Fidelity Investments Institutional. The Credit Karma old 401(k) page lists the contacts from every plan filing. Find an old Credit Karma 401(k)
Data from the public Form 5500 annual reports Credit Karma filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) 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 Credit Karma. Not financial advice. Report a correction · Methodology