Meta 401(k) match, vesting and fees
What Meta's 401(k) plan says about matching contributions
Employer contributions – The Company makes contributions to the Plan in the form of discretionary matching contributions and other employer contributions, as defined in the plan document. The Company makes a dollar-for-dollar match, up to 50% of the IRS employee deferral limit. Catch-up contributions are eligible for Company matching contributions.
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 | 2023 audit report, p. 196 ↗ |
| Match vesting | Vesting – Participants are immediately vested in their entire account, including employer contributions. | 2023 audit report, p. 196 ↗ |
| Automatic enrollment | The Plan also permits the automatic enrollment of eligible employees in the Plan unless the employee affirmatively elects otherwise. The automatic enrollment percentage is 10% on regular pay and bonuses for newly-eligible employees. Additionally, any participant auto-enrolled who does not make a change to the enrollment will have the deferral elections of regular pay automatically increased annually by 1% each year. | 2023 audit report, p. 196 ↗ |
| Roth contributions | Participant contributions – Participants may elect to have the Company contribute pre-tax, Roth, and after-tax deferrals on their eligible compensation to the Plan up to the amount allowable under the plan document and current income tax regulations. | 2023 audit report, p. 196 ↗ |
| Loans | Notes receivable from participants – The Plan allows participants to borrow a minimum of $1,000 and up to the lesser of $50,000 reduced by the excess (if any) of the highest outstanding balance of loans during the one-year period ending on the day before the loan is made over the outstanding balance of loans on the date the loan is made, or 50% of their vested account balance. | 2023 audit report, p. 196 ↗ |
| Recordkeeper | Fidelity Investments Institutional | 2024 Schedule C ↗ |
| Independent auditor | Ernst & Young LLP (unmodified opinion, limited scope) | 2024 Schedule H ↗ |
| Plan type and status | 401(k) · Active | 2024 Form 5500 ↗ |
Match, vesting and other plan features are from the plan year 2023 filing's audit report (the latest one extracted so far). Rows cited to the Form 5500 and its schedules are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 14 defined-contribution plans in information with 50,000 or more participants.
| Meta: employer contribution per participant | $8,031 | |
| Peer median | $3,236 |
| Meta: average balance | $197,107 | |
| Peer median | $164,552 |
| Meta: 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 $12.2B at the end of plan year 2023 to $16.5B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 84,993 | $16.5B | $670M | $8,031 | <0.01% | Not published | Form 5500 ↗ |
| 2023 | 78,483 | $12.2B | $675M | $8,705 | <0.01% | Quoted in the audit report, p. 196 ↗ | Form 5500 ↗ |
Common questions
Does Meta match 401(k) contributions?
The audit report attached to the Meta Platforms, Inc 401(k) Plan's plan year 2023 Form 5500, page 196 says: “Employer contributions – The Company makes contributions to the Plan in the form of discretionary matching contributions and other employer contributions, as defined in the plan document. The Company makes a dollar-for-dollar match, up to 50% of the IRS employee deferral limit. Catch-up contributions are eligible for Company matching contributions.” Plan terms may have changed; check your current Summary Plan Description.
When is the Meta 401(k) match vested?
The audit report attached to the plan year 2023 Form 5500, page 196 says: “Vesting – Participants are immediately vested in their entire account, including employer contributions.”
Who manages the Meta 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Meta Platforms, Inc..
I left Meta. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Meta Platforms, Inc., (650) 543-4800) or the recordkeeper, Fidelity Investments Institutional. The Meta old 401(k) page lists the contacts from every plan filing. Find an old Meta 401(k)
Data from the public Form 5500 annual reports Meta 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 Meta. Not financial advice. Report a correction · Methodology