Remitly, Inc. 401(k) Plan: Login, Facts & Contact Information

Remitly, Inc. 401(k) Plan Facts

Plan name
REMITLY, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
REMITLY, INC.
Participants
801 (792 active employees)
Former employees with a balance
113
Plan assets
$57,094,856 at Dec 31, 2024
Average account balance
$65,251 across 875 accounts
Employer contributions
$2,513,430 in plan year 2024 (12% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2014
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Nov 6, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $21.1 million went into the plan in contributions, $2.51 million of it from the employer (12%).
  • $7.19 million was paid out to participants.
  • Investment and other income added $5.99 million.
  • Administrative expenses were $57,110, about $65 per account.

How the Remitly, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019203$5.26 million$190,180$585,461
2020299$9.06 million$231,139$832,933
2021336$16.0 million$334,140$847,229
2022498$21.8 million$455,600$1.43 million
2023687$37.3 million$562,653$2.75 million
2024801$57.1 million$2.51 million$7.19 million

Remitly, Inc. 401(k) Contact Information

Phone
206-535-6152
Mailing address
401 UNION STREET, SUITE 1000, SEATTLE WA 98101
Plan sponsor
REMITLY, INC.
Employer identification number (EIN)
45-2441988
Plan number
001

Questions about the Remitly, Inc. 401(k)

Does Remitly, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $2.51 million, 12% of all contributions.

Does the Remitly, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Remitly, Inc 401(k) plan?

801 participants at the start of plan year 2024, 792 of them active employees, and 113 former employees who still had money in the plan.

What is the average 401(k) balance at Remitly, Inc?

About $65,251 per account: $57.1 million in plan assets across 875 accounts with a balance at the end of plan year 2024.

Who manages the Remitly, Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Remitly, Inc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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