401(k) · DOL Form 5500 · 2023

Sofi Technologies 401(k) Plan

Data updated 2026-08-25

$140M
Total assets Near avg plan size
3,101
Participants Above avg headcount
93rd
Percentile by assets National rank
$45,044
Avg per participant Low balance/head
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Official DOL plan name: Social Finance, Inc. 401(k) Plan · Sponsored by Sofi Technologies · California · Finance & Insurance

$140M in assets, 3,101 participants

Sofi Technologies's Social Finance, Inc. 401(k) Plan reported $140M in total assets and 3,101 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

  • #7,922 in Finance & Insurance (8,869 peers)

Coverage in California

Social Finance, Inc. 401(k) Plan covers 3,101 participants in California, 4.9x the typical California plan (state average ~630 per filing). Assets: $140M.

#7,922
in Finance & Insurance (8,869 peers)
+56.4%
assets growth YoY
1.4×
vs typical plan assets (national mean)

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

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

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

$139,681,110 Top 7% higher than 93% 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

Social Finance, Inc. 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Social Finance, Inc. 401(k) Plan lands in the large band (3,101 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Social Finance, Inc. 401(k) Plan reported net income rose from $9M in the plan year 2022 filing to $49M in the plan year 2023 filing.
  • Social Finance, Inc. 401(k) Plan end-of-year assets rose from $89M in the plan year 2022 filing to $140M in the plan year 2023 filing.
  • Social Finance, Inc. 401(k) Plan reported participants rose from 2,450 in the plan year 2022 filing to 3,101 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 452499523 · Sofi Technologies PY 2023 · 401(k)

Social Finance, Inc. 401(k) Plan · $140M · 3,101 · 93rd

  • PCT $140M
  • PCT 3,101
  • PCT 93rd
  • PCT 401(k)
  • PCT near The Schusterman Interests, LLC Employees' Thrift Retirement Plan
  • PCT ind #7922

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 →

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

Edp Renewables North America LLC 401(k) Retirement Savings PlanEdp Renewables North America…$140MSmart National Supplemental Savings PlanSmart National Supplemental …$140MSocial Finance, Inc. 401(k) PlanSocial Finance, Inc. 401(k) …$140MThe Schusterman Interests, LLC Employees' Thrift Retirement PlanThe Schusterman Interests, L…$140MCavco Industries, Inc. 401(k) PlanCavco Industries, Inc. 401(k…$140M
End-of-year total assets ($M) among Social Finance, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$89M
Net Assets (End of Year)$140M
Net Income$49M
Employer EIN452499523
Plan Effective Date2013-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sofi Technologies)

Sponsor-wide plan assets over time

All Sofi Technologies plans reported in each filing year

Latest sponsor-wide plan assets
$193M 116.00854810950301% vs 2022
2024 filing year
$50M$100M$150M$200M$250M 202220232024 $89.3M $193M ▲ +116.0%
Year Plans Participants Total Assets
2022 1 2,450 $89M
2023 1 3,101 $140M
2024 1 3,247 $193M

Nearby 401(k) Plans in California

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

Social Finance, Inc. 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Social Finance, Inc. 401(k) Plan, Total assets ($B): 0.13968111 · Participants: 3101Social Finance, Inc. 401(k) 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
Social Finance, Inc. 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Social Finance, Inc. 401(k) Plan side-by-side with 3 peers →

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

Outside California, the nearest 401(k) by assets is The Schusterman Interests, LLC Employees' Thrift Retirement Plan in OK ($140M); by covered participants it is Alliant Energy Corporation 401(k) Savings Plan in WI (3,101 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,101 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 Social Finance, Inc. 401(k) Plan assets move in 2023? ▼
Social Finance, Inc. 401(k) Plan surged - up 56.4% during 2023, from $89M to $140M. Reported net income was $49M.
How have Sofi Technologies plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sofi Technologies's sponsor-wide assets grew 116.0%, from $89M to $193M.
Where does Social Finance, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Social Finance, Inc. 401(k) Plan ranks in the 93rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Social Finance, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Schusterman Interests, LLC Employees' Thrift Retirement Plan in OK ($140M, 339 participants).
Which 401(k) plans cover a similar participant headcount to Social Finance, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Alliant Energy Corporation 401(k) Savings Plan in WI (3,101 participants, $1.3B 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 452499523.

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.