Highspot 401(k) match, vesting and fees
What Highspot's 401(k) plan says about matching contributions
The Company may make discretionary matching contributions. For the year ended December 31, 2024, the Company elected to match 50% of the first 6% of eligible compensation that a participant contributes to the Plan not to exceed $4,000.
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. 30 ↗ |
| Match vesting | Vesting - Participants are immediately vested in all contributions plus actual earnings thereon other than participants who were hired on or after January 1, 2020 and terminated prior to January 1, 2022. Participants who were hired on or after January 1, 2020 and terminated prior to January 1, 2022 are immediately vested in their employee contribution account and vesting in the Company’s contribution portion of their accounts is based on years of continuous service. This group of participants are 100% vested after four years of credited service. Forfeited Accounts - At December 31, 2024 and 2023, forfeited nonvested accounts totaled $1,944 and $5,956, respectively. During 2024, approximately $10,000 in forfeited accounts were used in accordance with the provisions specified in the Plan document. | Audit report, p. 30 ↗ |
| Automatic enrollment | The Plan includes a provision whereby all newly eligible employees are automatically enrolled at a 6% pre-tax deferral rate unless they elect a different deferral rate or not to participate in the Plan. | Audit report, p. 30 ↗ |
| Roth contributions | Contributions - Participants may elect to defer up to 80% of their eligible compensation as pretax or Roth contributions. | Audit report, p. 30 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Clark Nuber, P.S. (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 266 defined-contribution plans in information with 500 to 999 participants.
| Highspot: employer contribution per participant | $2,058 | |
| Peer median | $2,049 |
| Highspot: average balance | $62,620 | |
| Peer median | $79,099 |
| Highspot: admin expenses ÷ assets | 0.17% | |
| Peer median | 0.16% |
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 $20.6M at the end of plan year 2021 to $55.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 907 | $55.9M | $1.8M | $2,058 | 0.17% | Quoted in the audit report, p. 30 ↗ | Form 5500 ↗ |
| 2023 | 1,029 | $48.4M | $2.7M | $2,613 | 0.12% | Not published | Form 5500 ↗ |
| 2022 | 1,110 | $31.9M | $3M | $2,772 | 0.06% | Not published | Form 5500 ↗ |
| 2021 | 823 | $20.6M | $585K | $740 | 0.24% | Not published | Form 5500 ↗ |
Common questions
Does Highspot match 401(k) contributions?
The audit report attached to the Highspot, Inc. 401(k) Plan's plan year 2024 Form 5500, page 30 says: “The Company may make discretionary matching contributions. For the year ended December 31, 2024, the Company elected to match 50% of the first 6% of eligible compensation that a participant contributes to the Plan not to exceed $4,000.” Plan terms may have changed; check your current Summary Plan Description.
When is the Highspot 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 30 says: “Vesting - Participants are immediately vested in all contributions plus actual earnings thereon other than participants who were hired on or after January 1, 2020 and terminated prior to January 1, 2022. Participants who were hired on or after January 1, 2020 and terminated prior to January 1, 2022 are immediately vested in their employee contribution account and vesting in the Company’s contribution portion of their accounts is based on years of continuous service. This group of participants are 100% vested after four years of credited service. Forfeited Accounts - At December 31, 2024 and 2023, forfeited nonvested accounts totaled $1,944 and $5,956, respectively. During 2024, approximately $10,000 in forfeited accounts were used in accordance with the provisions specified in the Plan document.”
Who manages the Highspot 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Highspot, Inc..
I left Highspot. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Highspot, Inc., (206) 535-2855) or the recordkeeper, Fidelity Investments Institutional. The Highspot old 401(k) page lists the contacts from every plan filing. Find an old Highspot 401(k)
Data from the public Form 5500 annual reports Highspot 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 Highspot. Not financial advice. Report a correction · Methodology