Plan Ledger DOL Form 5500 · updated monthly

Appfolio, Inc.401(k)

APPFOLIO, INC. 401(K) PLAN · GOLETA, CA · plan year 2024

Reported admin expense ratio · 2024
0.15%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Appfolio, Inc. reported $211,818 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $4,445 per active participant. 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 rose from 0.05% to 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 687th-largest of 9,483 plans among California employers on file, and the 1,021st of 11,654 in professional & technical services. In 2024, employees put in $2.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$152,925,226
Participants with balances2,040
Active participants1,612
Employer contributions$7,164,704
Employee contributions$18,450,706
Employer contribution per active participant$4,445
Average account balance$74,963
Benefits paid to participants$17,657,260
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$152.9M · 2,040 accts · $7.2M emplr
2023$121.6M · 2,030 accts · $7.1M emplr
2022$82.4M · 2,080 accts · $6.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$211,818
Total administrative$211,818
The Appfolio, Inc. 401(k) match · 2024
Employer contribution per active participant$4,445
Median for plans this size$3,635
2024$4,445 per active participant
2023$4,741 per active participant
2022$3,474 per active participant

Appfolio, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$211,817

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$211,818 · 0.15%
2023$30,685 · 0.03%
2022$37,023 · 0.05%
Same employer
Similar plansProfessional & Technical Services · California
Gigamon, Inc. CA$160.1M · 0.03%
Mightyhive Inc. CA$159.8M · 0.10%
Globallogic Inc. CA$154.7M · 0.05%
Bpm LLP CA$152.1M · 0.04%
Bkf Engineers CA$149.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260359894 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.