401(k) · DOL Form 5500 · 2024

Sofi Technologies 401(k) Plan

Data updated 2026-08-25

$193M
Total assets Near avg plan size
3,247
Participants Above avg headcount
94th
Percentile by assets National rank
$59,423
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

$193M in assets, 3,247 participants

Sofi Technologies's Social Finance, Inc. 401(k) Plan reported $193M in total assets and 3,247 participants in its 2024 DOL Form 5500 filing, ranking in the 94th 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.

  • #7,754 in Finance & Insurance (8,549 peers)

Coverage in California

Social Finance, Inc. 401(k) Plan covers 3,247 participants in California, 5.2x the typical California plan (state average ~630 per filing). Assets: $193M.

#7,754
in Finance & Insurance (8,549 peers)
+38.1%
assets growth YoY
1.9×
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 2024 · DOL Form 5500

$192,947,644 Top 6% higher than 94% of 123,620 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 2024

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

Plan-year 2024 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 (3,247 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Social Finance, Inc. 401(k) Plan end-of-year assets rose from $140M in the plan year 2023 filing to $193M in the plan year 2024 filing.
  • Social Finance, Inc. 401(k) Plan reported net income rose from $49M in the plan year 2023 filing to $53M in the plan year 2024 filing.
  • Social Finance, Inc. 401(k) Plan reported participants rose from 3,101 in the plan year 2023 filing to 3,247 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 452499523 · Sofi Technologies PY 2024 · 401(k)

Social Finance, Inc. 401(k) Plan · $193M · 3,247 · 94th

  • NET $193M
  • NET 3,247
  • NET 94th
  • NET 401(k)
  • NET near Wartsila Holding, Inc. Retirement Plan
  • NET ind #7754

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

Salina Regional Health Center 401(k) PlanSalina Regional Health Cente…$193MWartsila Holding, Inc. Retirement PlanWartsila Holding, Inc. Retir…$193MSocial Finance, Inc. 401(k) PlanSocial Finance, Inc. 401(k) …$193MHoerbiger US Retirement Plan$193MMorgan & Morgan P a 401(k) Profit Sharing Plan and TrustMorgan & Morgan P a 401(k) P…$193M
End-of-year total assets ($M) among Social Finance, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$140M
Net Assets (End of Year)$193M
Net Income$53M
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. -50000050000100000150000 -200204060 Total assets ($B) Participants Social Finance, Inc. 401(k) Plan, Total assets ($B): 0.192947644 · Participants: 3247Social Finance, Inc. 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 48.738057415 · Participants: 116712Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 31.02646504 · Participants: 58962Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 24.850880304 · Participants: 55298Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 24.714519387 · Participants: 101450Apple 401(k) PlanCisco Systems,Inc. 401(k) Plan, Total assets ($B): 22.728425546 · Participants: 40452Cisco Systems,Inc. 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 Wartsila Holding, Inc. Retirement Plan in TX ($193M); by covered participants it is Rpc 401(k) Plan in GA (3,247 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($193M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,247 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Social Finance, Inc. 401(k) Plan surged - up 38.1% during 2024, from $140M to $193M. Reported net income was $53M.
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 94th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Wartsila Holding, Inc. Retirement Plan in TX ($193M, 900 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 Rpc 401(k) Plan in GA (3,247 participants, $274M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.