401(k) · DOL Form 5500 · 2023

Remitly, Inc. 401(k) Plan

Data updated 2026-08-25

$37M
Total assets Below avg plan size
589
Participants Below avg headcount
82nd
Percentile by assets National rank
$63,381
Avg per participant Low balance/head
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Official DOL plan name: Remitly, Inc. 401(k) Plan · Sponsored by Remitly, Inc. · Washington · Finance & Insurance

$37M in assets, 589 participants

Remitly, Inc.'s Remitly, Inc. 401(k) Plan reported $37M in total assets and 589 participants in its 2023 DOL Form 5500 filing, ranking in the 82nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #6,448 in Finance & Insurance (8,869 peers)

Coverage in Washington

Remitly, Inc. 401(k) Plan covers 589 participants in Washington, about 40% of the average Washington filer (state average ~1,476 per filing). Assets: $37M.

#6,448
in Finance & Insurance (8,869 peers)
+71.6%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Remitly, Inc. 401(k) Plan's outsized position by total assets

Remitly, Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$37,331,215 Top 18% higher than 82% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Remitly, Inc. 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Remitly, Inc. 401(k) Plan sits mid-pack in the medium band (589 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Remitly, Inc. 401(k) Plan reported net income rose from $6M in the plan year 2022 filing to $16M in the plan year 2023 filing.
  • Remitly, Inc. 401(k) Plan end-of-year assets rose from $22M in the plan year 2022 filing to $37M in the plan year 2023 filing.
  • Remitly, Inc. 401(k) Plan reported participants rose from 434 in the plan year 2022 filing to 589 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 452441988 · Remitly, Inc. PY 2023 · 401(k)

Remitly, Inc. 401(k) Plan · $37M · 589 · 82nd

  • ASSETS $37M
  • ASSETS 589
  • ASSETS 82nd
  • ASSETS 401(k)
  • ASSETS near Harbisonwalker International 401(k) Savings Plan
  • ASSETS ind #6448

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Washington →

Remitly, Inc. 401(k) Plan in the asset neighbourhood

Blach Construction Company Retirement PlanBlach Construction Company R…$37MRemitly, Inc. 401(k) Plan$37MHarbisonwalker International 401(k) Savings PlanHarbisonwalker International…$37MInovio Pharmaceuticals, Inc. 401(k) PlanInovio Pharmaceuticals, Inc.…$37MCnb Bank Shares, Inc. 401(k)$37M
End-of-year total assets ($M) among Remitly, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Washington filing particulars

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$37M
Net Income$16M
Employer EIN452441988
Plan Effective Date2014-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Remitly, Inc.)

Sponsor-wide plan assets over time

All Remitly, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$57M 162.38858452594172% vs 2022
2024 filing year
$0M$20M$40M$60M$80M 202220232024 $21.8M $57.1M ▲ +162.4%
Year Plans Participants Total Assets
2022 1 434 $22M
2023 1 589 $37M
2024 1 731 $57M

Nearby 401(k) Plans in Washington

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Remitly, Inc. 401(k) Plan vs. nearby 401(k) plans in Washington, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -20020406080 Total assets ($B) Participants Remitly, Inc. 401(k) Plan, Total assets ($B): 0.037331215 · Participants: 589Remitly, Inc. 401(k) PlanThe Boeing Company 401(k) Retirement Plan, Total assets ($B): 72.246135158 · Participants: 128910The Boeing Company 401(k) Retirement PlanMicrosoft Corporation Savings Plus 401(k) Plan, Total assets ($B): 53.225853429 · Participants: 123296Microsoft Corporation Savings Plus 401(k) PlanCostco 401(k) Retirement Plan, Total assets ($B): 33.384845813 · Participants: 192744Costco 401(k) Retirement PlanT-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust, Total assets ($B): 8.338937292 · Participants: 71538T-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust401(k) Savings Plan, Total assets ($B): 8.118808679 · Participants: 87590401(k) Savings Plan
Remitly, Inc. 401(k) Plan vs. nearby 401(k) plans in Washington, assets vs. participants
Compare Remitly, Inc. 401(k) Plan side-by-side with 3 peers →

Remitly, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Washington, the nearest 401(k) by assets is Harbisonwalker International 401(k) Savings Plan in PA ($37M); by covered participants it is The Smead Manufacturing Company Employees' Investment Plan and Trust in MN (589 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($37M here).

Similar participant headcount

Nearest other-state filings by covered participants (589 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Remitly, Inc. 401(k) Plan assets move in 2023? ▼
Remitly, Inc. 401(k) Plan surged - up 71.6% during 2023, from $22M to $37M. Reported net income was $16M.
How have Remitly, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Remitly, Inc.'s sponsor-wide assets grew 162.4%, from $22M to $57M.
Where does Remitly, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Remitly, Inc. 401(k) Plan ranks in the 82nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Remitly, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Harbisonwalker International 401(k) Savings Plan in PA ($37M, 472 participants).
Which 401(k) plans cover a similar participant headcount to Remitly, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Smead Manufacturing Company Employees' Investment Plan and Trust in MN (589 participants, $118M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 452441988.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.