Visa Inc. 401(k) Review & Grade
Visa 401k Plan
Foster City, CAFinance & Insurance13,298 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$16,128Employer $ per active participant
$14,551Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$5.2BNet plan assets, end of year
$265,094Average balance per account
Score breakdown
- Employer generosity48.6 / 5097th percentile for employer $ per participant
- Low cost24.8 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving13.7 / 1592th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 99th |
| Employee saving | 92th |
| Peers that auto-enroll | 74% |
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Red flags from the filing
Corrective distributions: the plan refunded $26,638 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Visa put in about $16,128 per active participant, more than the typical peer ($5,179). 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 | $214,481,348 |
| Participant (employee) contributions | $193,506,424 |
| Other contributions (incl. rollovers in) | $45,914,449 |
| Administrative expenses paid from the plan | $76,809 |
| Investment advisory & management fees | $76,567 |
| Other admin expenses | $242 |
| Benefits paid out | $316,134,850 |
| Net assets, start / end of year | $4.3B / $5.2B |
| Active participants, start / end of year | 13,121 / 13,476 |
| Participants with account balances | 19,589 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $76,809 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910130052NAL0013182099001, received 2025-09-10, EIN 26-0267673, plan #333, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.