401(k) · DOL Form 5500 · 2024

Remitly, Inc. 401(k) Plan

Data updated 2026-08-25

$57M
Total assets Below avg plan size
731
Participants Near avg headcount
86th
Percentile by assets National rank
$78,105
Avg per participant Below avg balance/head
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Official DOL plan name: Remitly, Inc. 401(k) Plan · Sponsored by Remitly, Inc. · Washington · Finance & Insurance

$57M in assets, 731 participants

Remitly, Inc.'s Remitly, Inc. 401(k) Plan reported $57M in total assets and 731 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.

  • #6,631 in Finance & Insurance (8,549 peers)

Coverage in Washington

Remitly, Inc. 401(k) Plan covers 731 participants in Washington, about 50% of the average Washington filer (state average ~1,476 per filing). Assets: $57M.

#6,631
in Finance & Insurance (8,549 peers)
+52.9%
assets growth YoY
0.6×
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 2024 · DOL Form 5500

$57,094,856 Top 14% higher than 86% 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

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

Plan-year 2024 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 (731 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Remitly, Inc. 401(k) Plan end-of-year assets rose from $37M in the plan year 2023 filing to $57M in the plan year 2024 filing.
  • Remitly, Inc. 401(k) Plan reported net income rose from $16M in the plan year 2023 filing to $20M in the plan year 2024 filing.
  • Remitly, Inc. 401(k) Plan reported participants rose from 589 in the plan year 2023 filing to 731 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 452441988 · Remitly, Inc. PY 2024 · 401(k)

Remitly, Inc. 401(k) Plan · $57M · 731 · 86th

  • RANK $57M
  • PHOTO 731
  • IND 86th
  • EOY 401(k)
  • 5500 near Learjet Inc. Tax-Deferred Savings Plan for Represented Employees
  • ASSETS ind #6631

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

Atlanticus Holdings Corporation 401(k) PlanAtlanticus Holdings Corporat…$57MRemitly, Inc. 401(k) Plan$57MLearjet Inc. Tax-Deferred Savings Plan for Represented EmployeesLearjet Inc. Tax-Deferred Sa…$57MVeenstra & Kimm, Inc. Profit Sharing PlanVeenstra & Kimm, Inc. Profit…$57MRosenthal & Rosenthal, Inc. 401(k) PlanRosenthal & Rosenthal, Inc. …$57M
End-of-year total assets ($M) among Remitly, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Washington filing particulars

Total Assets (Beginning of Year)$37M
Net Assets (End of Year)$57M
Net Income$20M
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. -500000050000010000001500000 -20020406080 Total assets ($B) Participants Remitly, Inc. 401(k) Plan, Total assets ($B): 0.057094856 · Participants: 731Remitly, Inc. 401(k) PlanThe Boeing Company 401(k) Retirement Plan, Total assets ($B): 73.910477714 · Participants: 139394The Boeing Company 401(k) Retirement PlanMicrosoft Corporation Savings Plus 401(k) Plan, Total assets ($B): 65.646011638 · Participants: 118818Microsoft Corporation Savings Plus 401(k) PlanCostco 401(k) Retirement Plan, Total assets ($B): 41.017392708 · Participants: 202468Costco 401(k) Retirement PlanAmazon 401(k) Plan, Total assets ($B): 34.593744657 · Participants: 1209303Amazon 401(k) Plan401(k) Savings Plan, Total assets ($B): 10.074085187 · Participants: 86668401(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 Learjet Inc. Tax-Deferred Savings Plan for Represented Employees in KS ($57M); by covered participants it is Wynright 401(k) Plan and Trust in IN (731 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (731 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 Remitly, Inc. 401(k) Plan assets move in 2024? ▼
Remitly, Inc. 401(k) Plan surged - up 52.9% during 2024, from $37M to $57M. Reported net income was $20M.
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 86th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Learjet Inc. Tax-Deferred Savings Plan for Represented Employees in KS ($57M, 429 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 Wynright 401(k) Plan and Trust in IN (731 participants, N/A 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 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.