Ziprecruiter 401(k) match, vesting and fees
What Ziprecruiter's 401(k) plan says about matching contributions
The Company may make discretionary matching or nonelective contributions in an amount to be determined by the Board of Directors for each plan year. The matching Company contribution is invested as directed by the participant. During the years ended December 31, 2024 and 2023, the Company made matching contributions to the Plan of 50% up to 5% of eligible compensation that a participant contributes to the Plan, totaling $3,189,868 and 3,718,640, respectively.
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. 25 ↗ |
| Match vesting | Participants are vested immediately in their contributions and employer contribution plus actual earnings thereon. | Audit report, p. 25 ↗ |
| Automatic enrollment | The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan. Automatically enrolled participants have their deferral rate set at 3 percent of eligible compensation on a pre-tax basis as a deferral contribution for you to the Plan. | Audit report, p. 25 ↗ |
| Roth contributions | Participants may also designate some of their contributions as after-tax contributions to a Roth 401(k) option. | Audit report, p. 25 ↗ |
| 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 percent of their vested account balance. The loans are secured by the balance in the participant’s account and bear interest at rates commensurate with local prevailing rates as determined by Plan management. | Audit report, p. 25 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Weaver & Tidwell 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 277 defined-contribution plans in administrative, support and waste management services with 1,000 to 4,999 participants.
| Ziprecruiter: employer contribution per participant | $2,198 | |
| Peer median | $1,484 |
| Ziprecruiter: average balance | $77,015 | |
| Peer median | $40,329 |
| Ziprecruiter: admin expenses ÷ assets | 0.15% | |
| Peer median | 0.34% |
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 $65M at the end of plan year 2021 to $115M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,545 | $115M | $3.3M | $2,198 | 0.15% | Quoted in the audit report, p. 25 ↗ | Form 5500 ↗ |
| 2023 | 1,866 | $91.4M | $7.1M | $4,607 | 0.20% | Not published | Form 5500 ↗ |
| 2022 | 1,749 | $62.9M | $2.9M | $1,691 | 0.27% | Not published | Form 5500 ↗ |
| 2021 | 1,552 | $65M | $2.4M | $1,667 | 0.27% | Not published | Form 5500 ↗ |
Common questions
Does Ziprecruiter match 401(k) contributions?
The audit report attached to the Ziprecruiter, Inc. 401(k) Plan and Trust's plan year 2024 Form 5500, page 25 says: “The Company may make discretionary matching or nonelective contributions in an amount to be determined by the Board of Directors for each plan year. The matching Company contribution is invested as directed by the participant. During the years ended December 31, 2024 and 2023, the Company made matching contributions to the Plan of 50% up to 5% of eligible compensation that a participant contributes to the Plan, totaling $3,189,868 and 3,718,640, respectively.” Plan terms may have changed; check your current Summary Plan Description.
When is the Ziprecruiter 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 25 says: “Participants are vested immediately in their contributions and employer contribution plus actual earnings thereon.”
Who manages the Ziprecruiter 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Ziprecruiter, Inc..
I left Ziprecruiter. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Ziprecruiter, Inc., (424) 285-1264) or the recordkeeper, Fidelity Investments Institutional. The Ziprecruiter old 401(k) page lists the contacts from every plan filing. Find an old Ziprecruiter 401(k)
Data from the public Form 5500 annual reports Ziprecruiter 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 Ziprecruiter. Not financial advice. Report a correction · Methodology