Google 401(k) match, vesting and fees
What Google's 401(k) plan says about matching contributions
Employer Contributions: The Company is allowed to make matching contributions as defined in the Plan and as approved by the Board of Directors. In 2024, the Company matched the greater of: a) 100% of a participant’s contribution up to $3,000 or b) 50% of a participant’s contribution (max. $11,500 based on the $23,000 deferral limit in 2024).
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
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.
| Employer match | Quoted from the filing above | Audit report, p. 78 ↗ |
| Match vesting | Vesting: Participants are immediately vested in their entire account, including employer matching and discretionary profit-sharing contributions. | Audit report, p. 78 ↗ |
| Automatic enrollment | The Plan permits the automatic enrollment of eligible employees in the Plan (pre-tax and, after the maximum deferral limit has been reached, after-tax), unless the employee affirmatively elects otherwise. During 2024, the automatic deferral percentage was 10% (pre-tax) and 6% (after-tax), of eligible compensation. | Audit report, p. 78 ↗ |
| Loans | Notes Receivable from Participants: The Plan allows participants to borrow not less than $1,000 and up to the lesser of $50,000 or 50% of their account balance. | Audit report, p. 79 ↗ |
| Recordkeeper | The Vanguard Group, Inc. | Schedule C ↗ |
| Independent auditor | Crowe LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 14 defined-contribution plans in information with 50,000 or more participants.
| Google: employer contribution per participant | $7,848 | |
| Peer median | $3,236 |
| Google: average balance | $315,177 | |
| Peer median | $164,552 |
| Google: admin expenses ÷ assets | <0.01% | |
| 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 $39B at the end of plan year 2023 to $48.7B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 155,598 | $48.7B | $1.2B | $7,848 | <0.01% | Quoted in the audit report, p. 78 ↗ | Form 5500 ↗ |
| 2023 | 152,774 | $39B | $1.2B | $8,063 | 0.02% | Not published | Form 5500 ↗ |
Common questions
Does Google match 401(k) contributions?
The audit report attached to the Google LLC 401(k) Savings Plan's plan year 2024 Form 5500, page 78 says: “Employer Contributions: The Company is allowed to make matching contributions as defined in the Plan and as approved by the Board of Directors. In 2024, the Company matched the greater of: a) 100% of a participant’s contribution up to $3,000 or b) 50% of a participant’s contribution (max. $11,500 based on the $23,000 deferral limit in 2024).” Plan terms may have changed; check your current Summary Plan Description.
When is the Google 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 78 says: “Vesting: Participants are immediately vested in their entire account, including employer matching and discretionary profit-sharing contributions.”
Who manages the Google 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is The Vanguard Group, Inc.. The plan administrator is Administrative Committee.
I left Google. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Administrative Committee, (650) 623-4000) or the recordkeeper, The Vanguard Group, Inc.. The Google old 401(k) page lists the contacts from every plan filing. Find an old Google 401(k)
Data from the public Form 5500 annual reports Google filed with the U.S. Department of Labor (plan years 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 Google. Not financial advice. Report a correction · Methodology