How big is Credit Karma, LLC's plan?

Credit Karma, LLC's plan reported $272.5M in assets and 1,506 participants for 2023.

Original filing (PDF)20241010110840NAL0011403411001

Credit Karma, LLC

Name: Credit Karma, LLC — Credit Karma, LLC Retirement, Form 5500 (2023)
Creator: Credit Karma, LLC
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

Credit Karma, LLC Retirement Trust

401(k) retirement plan · Credit Karma, LLC's Credit Karma, LLC Retirement Trust held $272.5M in plan assets for 1,506 participants in 2023, with Fidelity as recordkeeper.

Signals · 2

33% in single holdingCorrective distributions issued

Active participants

1,506

Accounts w/ balance

2,087

Plan assets (EOY)

$272.5M

Net assets (EOY)

$272.5M

People on this filing

Kirk Gasparian signed Credit Karma, LLC's 2023 Form 5500 as plan administrator.

Kirk Gasparian — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Credit Karma, LLC's EIN is 26-0451139.

EIN 26-0451139

Plan number 001

Plan year 2023

ACK ID 20241010110840NAL0011403411001

Official Form 5500 document

Download the official 2023 Form 5500 (PDF) for Credit Karma, LLC from the U.S. Department of Labor's EFAST2 system.

Download the official 2023 Form 5500 (PDF)

Plan features

Credit Karma, LLC's plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for CREDIT KARMA, LLC.

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How this plan invests

This plan

29 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Above-average plan

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Corrective distributions issued (likely failed ADP/ACP testing).

Plan sponsor

Name

CREDIT KARMA, LLC

EIN

all filings

Address

1100 BROADWAY, SUITE 1800 · OAKLAND, CA · 94607

Phone

(415) 503-9768

Industry

Information / Tech / Media

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2023

Plan year begin

2023-01-01

Tax period

2023-12-31

Filed

2024-10-10

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

Audit & trust (Schedule H)

Service providers (Schedule C)

2 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
FIDELITY INVESTMENTS INSTITUTIONAL	04-2647786	—	RECORDKEEPER	$192K	—

Advisor / Consultant

Name	EIN	Location	Relation	Direct comp	Indirect comp
STRATEGIC ADVISORS, INC.	04-2654524	—	ADVISOR	$53K	—

Investments

29 direct securities· $272.5M(100% of reported assets)

Mutual Funds

$148.2M

19 holdings

Common Collective Trusts

$89.7M

2 holdings

Other securities

$32.0M

6 holdings

Bonds / Notes

$1.5M

1 holding

Common Stocks

$1.1M

1 holding

					% of plan
Fidelity 500 Index Mutual fund	Common Collective Trusts	—	—	$89.2M	32.7%
American Funds 2010 Target Date Retirement Fund Class R-6 Mutual fund	Mutual Funds	—	—	$17.3M	6.4%
American Funds 2055 Target Date Retirement Fund Class R-6 Mutual fund	Mutual Funds	—	—	$16.0M	5.9%
American Funds 2050 Target Date Retirement Fund Class R-6 Mutual fund	Mutual Funds	—	—	$15.9M	5.8%
Fidelity Mid Cap Index Mutual fund	Mutual Funds	—	—	$15.5M	5.7%
MFS International Growth R6 Fund Mutual fund	Mutual Funds	—	—	$14.6M	5.4%
Fidelity Small Cap Index Mutual fund	Mutual Funds	—	—	$13.2M	4.8%
Blackrock Total Return Fund Mutual fund	Other securities	—	—	$12.9M	4.7%
JPMorgan Large Cap Growth R6 Fund Mutual fund	Other securities	—	—	$11.0M	4.0%
American Funds 2045 Target Date Retirement Fund Class R-6 Mutual fund	Mutual Funds	—	—	$9.7M	3.6%
Fidelity Total International Index Mutual fund	Mutual Funds	—	—	$9.5M	3.5%
American Funds 2040 Target Date Retirement Fund Class R-6 Mutual fund	Mutual Funds	—	—	$8.1M	3.0%
American Funds 2060 Target Date Retirement Fund Class R-6 Mutual fund	Mutual Funds	—	—	$7.9M	2.9%
Fidelity US Bond Index Mutual fund	Mutual Funds	—	—	$6.3M	2.3%
Fidelity Government Money Market K6 Cash equivalent - Money market fund	Mutual Funds	—	—	$5.0M	1.8%
American Funds 2035 Target Date Retirement Fund Class R-6 Mutual fund	Mutual Funds	—	—	$3.5M	1.3%
Columbia Dividend Income Fund Institutional 3 Class Mutual fund	Other securities	—	—	$3.1M	1.1%
Eaton Vance Atlanta Capital Small/Mid Cap Fund Mutual fund	Other securities	—	—	$2.9M	1.0%
American Funds 2065 Target Date Retirement Fund Class R-6 Mutual fund	Mutual Funds	—	—	$2.2M	0.8%
Invesco Emerging Markets All Cap Fund Class R6 Mutual fund	Mutual Funds	—	—	$2.0M	0.7%
Participant Loans 4.25% to 9.50%, various maturities	Bonds / Notes	—	—	$1.5M	0.5%
PGIM Global Total Return Fund Class R6 Mutual fund	Other securities	—	—	$1.2M	0.5%
Cohen & Steers Real Estate Securities Fund, Inc. Class Institutional Mutual fund	Common Stocks	—	—	$1.1M	0.4%
American Century Small Cap Value Fund R6 Class Mutual fund	Other securities	—	—	$950K	0.3%
American Funds 2030 Target Date Retirement Fund Class R-6 Mutual fund	Mutual Funds	—	—	$860K	0.3%
American Funds 2025 Target Date Retirement Fund Class R-6 Mutual fund	Mutual Funds	—	—	$614K	0.2%
Fidelity Inflation-Protected Bond Index Fund Mutual fund	Common Collective Trusts	—	—	$471K	0.2%
American Funds 2020 Target Date Retirement Fund Class R-6 Mutual fund	Mutual Funds	—	—	$68K	<0.1%
American Funds 2015 Target Date Retirement Fund Class R-6 Mutual fund	Mutual Funds	—	—	$41K	<0.1%