Plan Ledger DOL Form 5500 · updated monthly

Automattic Inc.401(k)

AUTOMATTIC INC. 401(K) PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Automattic Inc. reported $14,804 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $10,131 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 0.00% to 0.01%. 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 751st-largest of 9,483 plans among California employers on file, and the 1,100th of 11,654 in professional & technical services. In 2024, employees put in $1.49 for every $1.00 the employer contributed; active participation has shrunk from 856 to 687 since 2022.

Plan summary
Net assets, end of year$140,715,989
Participants with balances1,143
Active participants687
Employer contributions$6,960,326
Employee contributions$10,405,425
Employer contribution per active participant$10,131
Average account balance$123,111
Benefits paid to participants$8,529,307
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$140.7M · 1,143 accts · $7.0M emplr
2023$112.9M · 1,147 accts · $6.8M emplr
2022$83.9M · 1,179 accts · $6.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,804
Total administrative$14,804
The Automattic Inc. 401(k) match · 2024
Employer contribution per active participant$10,131
Median for plans this size$3,635
2024$10,131 per active participant
2023$8,650 per active participant
2022$7,774 per active participant

Automattic Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. 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
BETTERMENT · Recordkeeping$14,804

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$14,804 · 0.01%
2023$3,451 · 0.00%
2022$2,850 · 0.00%
Same employer
Similar plansProfessional & Technical Services · California
Earthjustice CA$142.5M · 0.01%
Btig, LLC CA$142.2M · 0.18%
Sonicwall, Inc. CA$140.0M · 0.07%
Ecg Topco Holdings, LLC CA$138.9M · 0.05%
Gusto (Zenpayroll) CA$138.5M · 0.18%
Shartsis Friese LLP CA$137.4M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 202602536 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.