How big is SOFI Technologies' plan?

SOFI Technologies' plan reported $192.9M in assets and 3,688 participants for 2024.

Original filing (PDF)20250730135735NAL0010532306001

SOFI Technologies

Name: SOFI Technologies — Social Finance, Inc. 401(k) Plan, Form 5500 (2024)
Creator: SOFI Technologies
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

Social Finance, Inc. 401(k) Plan

401(k) retirement plan · SOFI Technologies' Social Finance, Inc. 401(k) Plan held $192.9M in plan assets for 3,688 participants in 2024, with Empower as recordkeeper.

Signals · 2

Late participant contributionsCorrective distributions issued

Active participants

3,688

Accounts w/ balance

4,121

Plan assets (EOY)

$192.9M

Net assets (EOY)

$192.9M

People on this filing

Debbie Westover signed SOFI Technologies' 2024 Form 5500 as plan administrator.

Debbie Westover — 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

SOFI Technologies' EIN is 45-2499523.

EIN 45-2499523

Plan number 001

Plan year 2024

ACK ID 20250730135735NAL0010532306001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for SOFI Technologies from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

SOFI Technologies' plan includes ERISA 404(c) participant direction, a 401(k) feature, automatic enrollment, a default investment (QDIA).

Decision-maker contacts

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

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How this plan invests

This plan

32 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

Delinquent participant contributions reported (Schedule H 4a) — 26K (0% of contributions).
Corrective distributions issued (likely failed ADP/ACP testing).
Bottom-decile employer contributions per participant (2nd percentile).

Plan sponsor

Name

SOFI TECHNOLOGIES

EIN

all filings

Address

234 1ST STREET · SAN FRANCISCO, CA · 94105

Phone

(415) 612-8229

Industry

Finance & Insurance

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-07-30

Pension benefit codes

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2S · Automatic enrollment

2T · Default investment account (QDIA)

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

3H · Sponsor in controlled / affiliated group

Audit & trust (Schedule H)

Service providers (Schedule C)

1 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
EMPOWER ANNUITY INSURANCE COMPANY O	—	GREENWOOD VILLAGE, CO	RECORDKEEPER	$101K	—

Investments

32 direct securities· $192.5M(100% of reported assets)

Mutual Funds

$150.7M

22 holdings

Common Collective Trusts

$35.5M

3 holdings

Other securities

$3.5M

5 holdings

Bonds / Notes

$2.5M

1 holding

U.S. Treasuries

$263K

1 holding

					% of plan
Vanguard Target Retirement 2055 Inv Fund Mutual fund	Mutual Funds	—	—	$28.2M	14.6%
Vanguard Target Retirement 2050 Inv Fund Mutual fund	Mutual Funds	—	—	$27.5M	14.2%
Vanguard Target Retirement 2045 Inv Fund Mutual fund	Mutual Funds	—	—	$20.8M	10.8%
Vanguard 500 Index Admiral Fund Mutual fund	Common Collective Trusts	—	—	$20.3M	10.5%
Vanguard Target Retirement 2060 Inv Fund Mutual fund	Mutual Funds	—	—	$15.3M	7.9%
Vanguard Target Retirement 2040 Inv Fund Mutual fund	Mutual Funds	—	—	$14.4M	7.5%
Vanguard Total Stock Market Index Admiral Fund Mutual fund	Common Collective Trusts	—	—	$12.7M	6.6%
Vanguard Target Retirement 2035 Inv Fund Mutual fund	Mutual Funds	—	—	$10.4M	5.4%
Franklin Dynatech R6 Fund Mutual fund	Mutual Funds	—	—	$5.8M	3.0%
Vanguard Target Retirement 2065 Inv Fund Mutual fund	Mutual Funds	—	—	$4.9M	2.5%
Vanguard Target Retirement 2030 Inv Fund Mutual fund	Mutual Funds	—	—	$4.6M	2.4%
Vanguard Dividend Growth Inv Fund Mutual fund	Mutual Funds	—	—	$3.7M	1.9%
Vanguard Total Intl Stock Index Admiral Fund Mutual fund	Mutual Funds	—	—	$2.7M	1.4%
Vanguard Mid Cap Index Fund - Admiral Mutual fund	Common Collective Trusts	—	—	$2.5M	1.3%
Vanguard Small Cap Index Admiral Fund Mutual fund	Mutual Funds	—	—	$2.5M	1.3%
Notes receivable from participants (Interest rate range: 3.25% - 9.50%) -	Bonds / Notes	—	—	$2.5M	1.3%
Vanguard Target Retirement 2025 Inv Fund Mutual fund	Mutual Funds	—	—	$2.2M	1.1%
Primecap Odyssey Aggressive Growth Fund Mutual fund	Mutual Funds	—	—	$1.9M	1.0%
Vanguard Federal Money Market Inv Fund Mutual fund	Mutual Funds	—	—	$1.5M	0.8%
Vanguard Total Bond Market Index Admiral Fund Mutual fund	Mutual Funds	—	—	$1.3M	0.7%
American Funds Capital World G/I R6 Fund Mutual fund	Mutual Funds	—	—	$1.0M	0.5%
Blackrock High Yield Bond Portfolio K Fund Mutual fund	Other securities	—	—	$1.0M	0.5%
Victory Sycamore Established Value I Fund Mutual fund	Other securities	—	—	$805K	0.4%
Cohen & Steers Real Estate Securities Z Fund Mutual fund	Other securities	—	—	$654K	0.3%
American Century Small Cap Value R6 Fund Mutual fund	Other securities	—	—	$645K	0.3%
Janus Henderson Triton N Fund Mutual fund	Mutual Funds	—	—	$548K	0.3%
American Funds Europacific Growth R6 Fund Mutual fund	Mutual Funds	—	—	$498K	0.3%
Loomis Sayles Investment Grade Bond N Fund Mutual fund	Other securities	—	—	$433K	0.2%
American Funds American Balanced R6 Fund Mutual fund	Mutual Funds	—	—	$410K	0.2%
Vanguard Target Retirement 2020 Inv Fund Mutual fund	Mutual Funds	—	—	$312K	0.2%
Pimco Int Bond (USD-Hedged) Instl Fund Mutual fund	U.S. Treasuries	—	—	$263K	0.1%
Vanguard Target Retirement Income Inv Fund Mutual fund	Mutual Funds	—	—	$189K	<0.1%