Capital One Financial Corporation 401(k) Review & Grade
Capital One Financial Corporation Associate Savings Plan
Mclean, VAManagement of Companies45,066 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$10,342Employer $ per active participant
$12,423Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$12.0BNet plan assets, end of year
$174,113Average balance per account
Score breakdown
- Employer generosity47.6 / 5095th percentile for employer $ per participant
- Low cost8.5 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score69 / 100 · Grade B
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 34th |
| Employee saving | 88th |
| Peers that auto-enroll | 50% |
Red flags from the filing
Corrective distributions: the plan refunded $128,748 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Capital One Financial put in about $10,342 per active participant, more than the typical peer ($2,229). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $466,075,524 |
| Participant (employee) contributions | $559,877,149 |
| Other contributions (incl. rollovers in) | $95,007,786 |
| Administrative expenses paid from the plan | $14,288,715 |
| Contract administrator fees | $17,400 |
| Investment advisory & management fees | $13,567,986 |
| Other admin expenses | $122,321 |
| Benefits paid out | $928,334,388 |
| Net assets, start / end of year | $10.2B / $12.0B |
| Active participants, start / end of year | 44,933 / 45,199 |
| Participants with account balances | 68,883 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young LLP |
| Employer stock held by plan | $459,592,874 |
Largest service providers (Schedule C)
| Mercer Investments LLC | $2,972,635 reported compensation |
| Strategic Advisors, Inc. | $2,771,599 reported compensation |
| Fidelity Investments Institutional | $609,538 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010111631NAL0004542995001, received 2025-10-10, EIN 54-1719854, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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