Plan Ledger DOL Form 5500 · updated monthly

Bettercloud, Inc.401(k)

BETTERCLOUD, INC. 401(K) PROFIT SHARING PLAN AND TRUST · NEW YORK, NY · plan year 2023

Reported admin expense ratio · 2023
0.04%

Bettercloud, Inc. reported $4,295 in plan administrative expenses for 2023: 0.04% 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 rose from 0.04% to 0.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (3,399th of 5,648), and the 1,519th of 3,341 in other services. active participation has shrunk from 273 to 155 since 2022.

Plan summary
Net assets, end of year$11,522,061
Participants with balances283
Active participants155
Employer contributions—
Employee contributions$2,290,922
Employer contribution per active participant—
Average account balance$40,714
Benefits paid to participants$2,761,665
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 182 accts
2023$11.5M · 283 accts
2022$9.7M · 337 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,295
Total administrative$4,295
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ADP, INC. · Recordkeeping$4,295
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$7,150 · 0.07%
2023$4,295 · 0.04%
2022$3,810 · 0.04%
Same employer
Similar plansOther Services · New York
Crisis Text Line, Inc. NY$11.4M · 0.47%
Bideawee, Inc. NY$11.2M · 0.58%
United Mortgage Corp NY$11.1M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453693669 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.