Wayfair 401(k) match, vesting and fees
What Wayfair's 401(k) plan says about matching contributions
The Company makes safe-harbor matching contributions, matching 100% of the first 3% of the participants' eligible compensation and 50% of the next 2% of participants' eligible compensation for a maximum matching contribution of 4% of participant eligible compensation, as defined in the Plan.
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. 38 ↗ |
| Match vesting | Participants are immediately vested in their entire account plus actual earnings thereon. | Audit report, p. 38 ↗ |
| Roth contributions | In addition, participants may contribute up to 100% of Roth compensation, as defined by the Plan. In no event may participant pre-tax and Roth contributions exceed any statutory limitations. | Audit report, p. 38 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000, up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. Loan terms range from one to five years; however, terms may exceed five years for the purchase of a primary residence. The loans are secured by the balance in the participant's account and bear interest at a rate of prime plus 1%, as defined. The interest rates on outstanding loan balance range from 3.25% to 8.5% at December 31, 2024 and 2023, respectively. | Audit report, p. 38 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Eisneramper LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 93 defined-contribution plans in professional, scientific, and technical services with 10,000 to 49,999 participants.
| Wayfair: employer contribution per participant | $2,028 | |
| Peer median | $2,636 |
| Wayfair: average balance | $61,699 | |
| Peer median | $138,945 |
| Wayfair: admin expenses ÷ assets | 0.08% | |
| 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 $566M at the end of plan year 2021 to $786M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 17,988 | $786M | $25.8M | $2,028 | 0.08% | Quoted in the audit report, p. 38 ↗ | Form 5500 ↗ |
| 2023 | 17,290 | $712M | $34.7M | $2,611 | 0.11% | Not published | Form 5500 ↗ |
| 2022 | 19,050 | $562M | $44.8M | $3,080 | 0.12% | Not published | Form 5500 ↗ |
| 2021 | 18,837 | $566M | $35.9M | $2,658 | 0.10% | Not published | Form 5500 ↗ |
Common questions
Does Wayfair match 401(k) contributions?
The audit report attached to the Wayfair LLC 401(k) Plan & Trust's plan year 2024 Form 5500, page 38 says: “The Company makes safe-harbor matching contributions, matching 100% of the first 3% of the participants' eligible compensation and 50% of the next 2% of participants' eligible compensation for a maximum matching contribution of 4% of participant eligible compensation, as defined in the Plan.” Plan terms may have changed; check your current Summary Plan Description.
When is the Wayfair 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 38 says: “Participants are immediately vested in their entire account plus actual earnings thereon.”
Who manages the Wayfair 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Wayfair LLC.
I left Wayfair. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Wayfair LLC, (877) 929-3247) or the recordkeeper, Fidelity Investments Institutional. The Wayfair old 401(k) page lists the contacts from every plan filing. Find an old Wayfair 401(k)
Data from the public Form 5500 annual reports Wayfair 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 Wayfair. Not financial advice. Report a correction · Methodology