?>
Logo

BUZZFEED INC. 401(K) PLAN 401k Plan overview

Plan NameBUZZFEED INC. 401(K) PLAN
Plan identification number 001

BUZZFEED INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

BUZZFEED, INC. has sponsored the creation of one or more 401k plans.

Company Name:BUZZFEED, INC.
Employer identification number (EIN):262838695
NAIC Classification:519100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BUZZFEED INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01
0012018-01-01
0012018-01-01
0012017-01-04EMILE CHUNG
0012017-01-04EMILE CHUNG

Plan Statistics for BUZZFEED INC. 401(K) PLAN

401k plan membership statisitcs for BUZZFEED INC. 401(K) PLAN

Measure Date Value
2019: BUZZFEED INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-011,508
Total number of active participants reported on line 7a of the Form 55002019-01-01871
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-01533
Total of all active and inactive participants2019-01-011,404
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-011,404
Number of participants with account balances2019-01-011,326
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: BUZZFEED INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-011,574
Total number of active participants reported on line 7a of the Form 55002018-01-011,155
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-01353
Total of all active and inactive participants2018-01-011,508
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-011,508
Number of participants with account balances2018-01-011,383
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: BUZZFEED INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-040
Total number of active participants reported on line 7a of the Form 55002017-01-041,385
Number of retired or separated participants receiving benefits2017-01-040
Number of other retired or separated participants entitled to future benefits2017-01-04189
Total of all active and inactive participants2017-01-041,574
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-040
Total participants2017-01-041,574
Number of participants with account balances2017-01-041,339
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-040

Financial Data on BUZZFEED INC. 401(K) PLAN

Measure Date Value
2019 : BUZZFEED INC. 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$16,319,259
Total income from all sources (including contributions)2019-12-31$16,319,259
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$4,273,052
Total of all expenses incurred2019-12-31$4,273,052
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$4,229,440
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$4,229,440
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$8,691,529
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$8,691,529
Value of total assets at end of year2019-12-31$40,810,946
Value of total assets at end of year2019-12-31$40,810,946
Value of total assets at beginning of year2019-12-31$28,764,739
Value of total assets at beginning of year2019-12-31$28,764,739
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$43,612
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$43,612
Total interest from all sources2019-12-31$9,240
Total interest from all sources2019-12-31$9,240
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$954,122
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$954,122
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$954,122
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$954,122
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
Value of fidelity bond cover2019-12-31$1,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$6,751,111
Contributions received from participants2019-12-31$6,751,111
Participant contributions at end of year2019-12-31$147,547
Participant contributions at end of year2019-12-31$147,547
Participant contributions at beginning of year2019-12-31$144,744
Participant contributions at beginning of year2019-12-31$144,744
Participant contributions at end of year2019-12-31$207,812
Participant contributions at end of year2019-12-31$207,812
Participant contributions at beginning of year2019-12-31$238,812
Participant contributions at beginning of year2019-12-31$238,812
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$1,238,846
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$1,238,846
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$1,268
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$1,268
Other income not declared elsewhere2019-12-31$29,215
Other income not declared elsewhere2019-12-31$29,215
Administrative expenses (other) incurred2019-12-31$43,612
Administrative expenses (other) incurred2019-12-31$43,612
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$12,046,207
Value of net income/loss2019-12-31$12,046,207
Value of net assets at end of year (total assets less liabilities)2019-12-31$40,810,946
Value of net assets at end of year (total assets less liabilities)2019-12-31$40,810,946
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$28,764,739
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$28,764,739
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$40,435,332
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$40,435,332
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$28,244,366
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$28,244,366
Interest on participant loans2019-12-31$9,240
Interest on participant loans2019-12-31$9,240
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$6,635,153
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$6,635,153
Net gain/loss from 103.12 investment entities2019-12-31$0
Net gain/loss from 103.12 investment entities2019-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$701,572
Contributions received in cash from employer2019-12-31$701,572
Employer contributions (assets) at end of year2019-12-31$20,255
Employer contributions (assets) at end of year2019-12-31$20,255
Employer contributions (assets) at beginning of year2019-12-31$136,817
Employer contributions (assets) at beginning of year2019-12-31$136,817
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$4,228,172
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$4,228,172
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31RSM US LLP
Accountancy firm EIN2019-12-31420714325
Accountancy firm EIN2019-12-31420714325
2018 : BUZZFEED INC. 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$6,739,385
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$2,953,623
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$2,922,055
Value of total corrective distributions2018-12-31$4,025
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$9,036,289
Value of total assets at end of year2018-12-31$28,389,110
Value of total assets at beginning of year2018-12-31$24,603,348
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$27,543
Total interest from all sources2018-12-31$5,813
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$698,308
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$698,308
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$7,107,162
Participant contributions at end of year2018-12-31$144,744
Participant contributions at beginning of year2018-12-31$94,593
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$259,396
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$1,147,983
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2018-12-31$725
Other income not declared elsewhere2018-12-31$15,063
Administrative expenses (other) incurred2018-12-31$27,543
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$3,785,762
Value of net assets at end of year (total assets less liabilities)2018-12-31$28,389,110
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$24,603,348
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$28,244,366
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$24,126,133
Interest on participant loans2018-12-31$5,813
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-3,016,088
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$781,144
Employer contributions (assets) at end of year2018-12-31$0
Employer contributions (assets) at beginning of year2018-12-31$123,226
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$2,921,330
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31RSM US LLP
Accountancy firm EIN2018-12-31420714325
2017 : BUZZFEED INC. 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets to this plan2017-12-31$13,310,024
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$12,229,502
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$1,028,794
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,007,759
Value of total corrective distributions2017-12-31$7,230
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$9,011,659
Value of total assets at end of year2017-12-31$24,510,732
Value of total assets at beginning of year2017-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$13,805
Total interest from all sources2017-12-31$3,591
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$471,376
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$471,376
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$6,755,107
Participant contributions at end of year2017-12-31$94,593
Participant contributions at beginning of year2017-12-31$0
Participant contributions at end of year2017-12-31$259,396
Participant contributions at beginning of year2017-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$1,518,093
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2017-12-31$9,680
Other income not declared elsewhere2017-12-31$24,857
Administrative expenses (other) incurred2017-12-31$13,805
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$11,200,708
Value of net assets at end of year (total assets less liabilities)2017-12-31$24,510,732
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$24,126,133
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$0
Interest on participant loans2017-12-31$3,591
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$2,718,019
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$738,459
Employer contributions (assets) at end of year2017-12-31$30,610
Employer contributions (assets) at beginning of year2017-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$998,079
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31RSM US LLP
Accountancy firm EIN2017-12-31420714325

Form 5500 Responses for BUZZFEED INC. 401(K) PLAN

2019: BUZZFEED INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: BUZZFEED INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: BUZZFEED INC. 401(K) PLAN 2017 form 5500 responses
2017-01-04Type of plan entitySingle employer plan
2017-01-04First time form 5500 has been submittedYes
2017-01-04Submission has been amendedNo
2017-01-04This submission is the final filingNo
2017-01-04This return/report is a short plan year return/report (less than 12 months)Yes
2017-01-04Plan is a collectively bargained planNo
2017-01-04Plan funding arrangement – TrustYes
2017-01-04Plan benefit arrangement - TrustYes

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S3