Andela, Inc.401(k)
ANDELA 401(K) PLAN · NEW YORK, NY · plan year 2024
Andela, Inc. reported $610 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio fell from 0.02% to 0.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,812th of 5,648), and 8,430th of 11,654 in professional & technical services. active participation has shrunk from 156 to 87 since 2022.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 371760438 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.