PayPal Holdings 401(k) match, vesting and fees
What PayPal Holdings' 401(k) plan says about matching contributions
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.
| Match vesting | The Company is allowed to make contributions to the Plan in the form of safe harbor matching contributions, as defined in the Plan and as approved by the Board of Directors. In 2024, the to a maximum of 4% of the Vesting Participants are immediately vested in their entire account, including employer contributions. | Audit report, p. 32 ↗ |
| Roth contributions | Participants may elect to have the Company contribute their eligible pre-tax, and after-tax compensation (as Roth contributions) to the Plan up to the amount allowable under the plan document and current income tax regulations. The Plan also allows non-Roth after-tax contributions. | Audit report, p. 32 ↗ |
| Loans | The Plan allows participants to borrow not less than $1,000 and up to the lesser of $50,000 or 50% of receivable bear interest at the available market financing rates and must be repaid to the Plan within a five-year period, unless the proceeds are used for the purchase of a principal residence, in which case the maximum repayment period may be longer. | Audit report, p. 33 ↗ |
| Recordkeeper | Schwab Retirement Plan Services,inc | Schedule C ↗ |
| Independent auditor | Pricewaterhousecoopers 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 94 defined-contribution plans in professional, scientific, and technical services with 10,000 to 49,999 participants.
| PayPal Holdings: employer contribution per participant | $4,123 | |
| Peer median | $2,636 |
| PayPal Holdings: average balance | $157,875 | |
| Peer median | $138,100 |
| PayPal Holdings: admin expenses ÷ assets | 0.03% | |
| Peer median | 0.05% |
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 $2B at the end of plan year 2023 to $2.2B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 15,164 | $2.2B | $58.7M | $4,123 | 0.03% | Not published | Form 5500 ↗ |
| 2023 | 15,948 | $2B | $63.7M | $4,300 | 0.04% | Not published | Form 5500 ↗ |
Common questions
Does PayPal Holdings match 401(k) contributions?
The match terms for the Paypal 401(k) Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $58.7M in employer contributions, about $4,123 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the PayPal Holdings 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 32 says: “The Company is allowed to make contributions to the Plan in the form of safe harbor matching contributions, as defined in the Plan and as approved by the Board of Directors. In 2024, the to a maximum of 4% of the Vesting Participants are immediately vested in their entire account, including employer contributions.”
Who manages the PayPal Holdings 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services,inc. The plan administrator is Paypal Holdings, Inc..
I left PayPal Holdings. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Paypal Holdings, Inc., (408) 967-8934) or the recordkeeper, Schwab Retirement Plan Services,inc. The PayPal Holdings old 401(k) page lists the contacts from every plan filing. Find an old PayPal Holdings 401(k)
Data from the public Form 5500 annual reports PayPal Holdings 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 PayPal Holdings. Not financial advice. Report a correction · Methodology