401(k) · DOL Form 5500 · 2023

Varo Money, Inc. 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
585
Participants Below avg headcount
71st
Percentile by assets National rank
$31,386
Avg per participant Low balance/head
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Official DOL plan name: Varo Retirement Plan · Sponsored by Varo Money, Inc. · California · Finance & Insurance

$18M in assets, 585 participants

Varo Money, Inc.'s Varo Retirement Plan reported $18M in total assets and 585 participants in its 2023 DOL Form 5500 filing, ranking in the 71st 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.

  • #5,074 in Finance & Insurance (8,869 peers)

Varo Money, Inc. multi-year trail

Varo Money, Inc.'s plans moved +85.4% in assets from 2022 to 2024; this filing shows Varo Retirement Plan at $18M / 585 participants.

#5,074
in Finance & Insurance (8,869 peers)
+43.4%
assets growth YoY

Varo Retirement Plan's outsized position by total assets

Varo Retirement Plan vs every filed plan by assets

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

$18,360,854 Top 29% higher than 71% 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

Varo Retirement 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. Varo Retirement Plan sits mid-pack in the medium band (585 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Varo Retirement Plan reported net income rose from $2M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Varo Retirement Plan end-of-year assets rose from $13M in the plan year 2022 filing to $18M in the plan year 2023 filing.
  • Varo Retirement Plan reported participants fell from 816 in the plan year 2022 filing to 585 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 475457481 · Varo Money, Inc. PY 2023 · 401(k)

Varo Retirement Plan · $18M · 585 · 71st

  • BOOK $18M
  • VS-ST 585
  • BOY 71st
  • SCH 401(k)
  • EBSA near J Ranck Electric, Inc. Employees' Profit Sharing Plan
  • PART ind #5074

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 California →

Varo Retirement Plan in the asset neighbourhood

Varo Retirement Plan$18MJ Ranck Electric, Inc. Employees' Profit Sharing PlanJ Ranck Electric, Inc. Emplo…$18MA-Lign Compliance and Security, Inc. 401(k) P/S PlanA-Lign Compliance and Securi…$18MNovarica, Inc. 401(k) Plan$18MRowmark, LLC Retirement Plan$18M
End-of-year total assets ($M) among Varo Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Varo Money, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Varo Money, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$24M 85.42757530249177% vs 2022
2024 filing year
$10M$15M$20M$25M 202220232024 $12.8M $23.7M ▲ +85.5%
Year Plans Participants Total Assets
2022 1 816 $13M
2023 1 585 $18M
2024 1 426 $24M

Varo Money, Inc. filing trail (2023)

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$18M
Net Income$6M
Employer EIN475457481
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in California

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

Varo Retirement Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Varo Retirement Plan, Total assets ($B): 0.018360854 · Participants: 585Varo Retirement PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
Varo Retirement Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Varo Retirement Plan side-by-side with 3 peers →

Varo Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is J Ranck Electric, Inc. Employees' Profit Sharing Plan in MI ($18M); by covered participants it is Sunnyside 401(k) and Retirement Plan in VA (585 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($18M here).

Similar participant headcount

Nearest other-state filings by covered participants (585 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 Varo Retirement Plan assets move in 2023? ▼
Varo Retirement Plan surged - up 43.4% during 2023, from $13M to $18M. Reported net income was $6M.
How have Varo Money, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Varo Money, Inc.'s sponsor-wide assets grew 85.4%, from $13M to $24M.
Which 401(k) plans are similar in size to Varo Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is J Ranck Electric, Inc. Employees' Profit Sharing Plan in MI ($18M, 121 participants).
Which 401(k) plans cover a similar participant headcount to Varo Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Sunnyside 401(k) and Retirement Plan in VA (585 participants, $17M 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 475457481.

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.