Yext, Inc. 401(k) Review & Grade
Yext, Inc. 401k Profit Sharing Plan and Trust
New York, NYProfessional, Scientific & Technical Services666 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,246Employer $ per active participant
$15,787Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$89.6MNet plan assets, end of year
$72,207Average balance per account
Score breakdown
- Employer generosity11.5 / 5023th percentile for employer $ per participant
- Low cost21.1 / 2584th 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-13 pts2 issues reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 84th |
| Employee saving | 92th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($631,531 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $14,730 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Yext put in about $1,246 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $829,513 |
| Participant (employee) contributions | $10,514,377 |
| Other contributions (incl. rollovers in) | $6,047,487 |
| Administrative expenses paid from the plan | $48,486 |
| Other admin expenses | $48,486 |
| Benefits paid out | $11,147,856 |
| Net assets, start / end of year | $71.5M / $89.6M |
| Active participants, start / end of year | 687 / 645 |
| Participants with account balances | 1,241 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $49,036 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250820122814NAL0001600243001, received 2025-08-20, EIN 20-8059722, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.