Plan Ledger DOL Form 5500 · updated monthly

Billfloat, Inc.401(k)

FORUS 401(K) · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Billfloat, Inc. reported $37,327 in plan administrative expenses for 2024: 0.45% of average plan assets, below the peer median. Employer contributions averaged $194 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 0.40% to 0.45%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in California (5,741st of 9,483), and the 1,068th of 2,534 in administrative & support services. In 2024, employees put in $61.50 for every $1.00 the employer contributed; active participation has shrunk from 197 to 115 since 2022.

Plan summary
Net assets, end of year$8,972,440
Participants with balances212
Active participants115
Employer contributions$22,272
Employee contributions$1,369,678
Employer contribution per active participant$194
Average account balance$42,323
Benefits paid to participants$1,352,574
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 212 accts · $22K emplr
2023$7.7M · 234 accts
2022$6.8M · 256 accts · $3K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,327
Total administrative$37,327
The Billfloat, Inc. 401(k) match · 2024
Employer contribution per active participant$194
Median for plans this size$1,313
2024$194 per active participant
2022$13 per active participant

Billfloat, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20242
AT RETIREMENT SERVICES, LLC · Claims processing · Recordkeeping$12,767
FORUSALL ADVISORS LLC · Contract administrator · Investment advisory (plan)$24,560

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

Recordkeeper by year2
2024AT RETIREMENT SERVICES, LLC
2023AT RETIREMENT SERVICES, LLC

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

Administrative cost history3
2024$37,327 · 0.45%
2023$34,164 · 0.47%
2022$27,218 · 0.40%
Same employer
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Searchpros Staffing LLC CA$9.4M · 0.70%
Modern Treasury Corp. CA$9.4M · 0.10%
Mid Valley Disposal, Inc. CA$8.9M · 0.33%
Vivant Health LLC CA$8.2M · 0.54%
California Payroll Group CA$8.1M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270865497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.