Seatgeek Inc. 401(k) Review & Grade
Seatgeek, Inc. 401(k) PS Plan & Trust
New York, NYProfessional, Scientific & Technical Services730 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,486Employer $ per active participant
$11,691Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$48.9MNet plan assets, end of year
$54,573Average balance per account
Score breakdown
- Employer generosity38.2 / 5076th percentile for employer $ per participant
- Low cost6.4 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1572th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 25th |
| Employee saving | 72th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $11,050 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Seatgeek put in about $5,486 per active participant, more than the typical peer ($3,082). 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.
- Direct plan expenses (0.46% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $4,001,695 |
| Participant (employee) contributions | $8,528,312 |
| Other contributions (incl. rollovers in) | $2,122,331 |
| Administrative expenses paid from the plan | $187,733 |
| Investment advisory & management fees | $74,293 |
| Benefits paid out | $3,587,340 |
| Net assets, start / end of year | $32.2M / $48.9M |
| Active participants, start / end of year | 713 / 746 |
| Participants with account balances | 896 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Empower Life & Annuity Insurance Co | $111,024 reported compensation |
| Mayflower Financial Advisors LLC | $27,561 reported compensation |
| Global Retirement Partners LLC | $26,576 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916105006NAL0004896002001, received 2025-09-16, EIN 27-1457904, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.