Netflix 401(k) match, vesting and fees
What Netflix's 401(k) plan says about matching contributions
The Plan documents allow the Company to make safe harbor matching employer contributions to the Plan. Safe harbor matching contributions are made on behalf of eligible participants equal to 100% of the first 4.0% of eligible compensation.
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. 52 ↗ |
| Match vesting | Participants are immediately 100% vested in both their contributions, Company safe harbor matching contributions, and actual earnings thereon. Vesting in corrective top heavy contributions, if any, is based on years of continuous service. | 2023 audit report, p. 52 ↗ |
| Roth contributions | Participants are allowed to contribute up to 80% of their annual compensation as defined by the Plan on a pre-tax or after-tax (as Roth contributions) basis, up to a maximum amount allowed by the IRC. | 2023 audit report, p. 52 ↗ |
| Loans | Under the terms of the Plan, participants may borrow from their accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. Notes receivable from participants ("participant loans" or "loan(s)") must be repaid within five years, unless a loan is for the purchase of a principal residence, in which case the repayment term may exceed five years. Participant loans are secured by the remaining balance in the participant’s account and bear interest at a rate commensurate with local prevailing rates at the time the loan is made. Participant loans outstanding at December 31, 2023, bear interest rates ranging from 3.25% to 9.25%, and mature at various dates through December 2033. | 2023 audit report, p. 53 ↗ |
| Recordkeeper | Fidelity Investments Institutional | 2025 Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | 2025 Schedule H ↗ |
| Plan type and status | 401(k) · Active | 2025 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 2025 filing.
How the plan compares
Plan year 2025 medians for 11 defined-contribution plans in information with 10,000 to 49,999 participants.
| Netflix: employer contribution per participant | $7,646 | |
| Peer median | $3,608 |
| Netflix: average balance | $248,382 | |
| Peer median | $229,745 |
| Netflix: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.04% |
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 $1.4B at the end of plan year 2021 to $3.1B at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 13,585 | $3.1B | $95.2M | $7,646 | 0.02% | Not published | Form 5500 ↗ |
| 2024 | 12,137 | $2.3B | $84M | $7,370 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 10,985 | $1.8B | $76.2M | $7,338 | 0.02% | Quoted in the audit report, p. 52 ↗ | Form 5500 ↗ |
| 2022 | 10,377 | $1.3B | $72.1M | $7,339 | 0.02% | Not published | Form 5500 ↗ |
| 2021 | 10,070 | $1.4B | $61.9M | $6,750 | <0.01% | Not published | Form 5500 ↗ |
Common questions
Does Netflix match 401(k) contributions?
The audit report attached to the Netflix 401(k) Plan's plan year 2023 Form 5500, page 52 says: “The Plan documents allow the Company to make safe harbor matching employer contributions to the Plan. Safe harbor matching contributions are made on behalf of eligible participants equal to 100% of the first 4.0% of eligible compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Netflix 401(k) match vested?
The audit report attached to the plan year 2023 Form 5500, page 52 says: “Participants are immediately 100% vested in both their contributions, Company safe harbor matching contributions, and actual earnings thereon. Vesting in corrective top heavy contributions, if any, is based on years of continuous service.”
Who manages the Netflix 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Fidelity Investments Institutional. The plan administrator is Netflix, Inc..
I left Netflix. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Netflix, Inc., (408) 540-3700) or the recordkeeper, Fidelity Investments Institutional. The Netflix old 401(k) page lists the contacts from every plan filing. Find an old Netflix 401(k)
Data from the public Form 5500 annual reports Netflix 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 Netflix. Not financial advice. Report a correction · Methodology