Plan Ledger DOL Form 5500 · updated monthly

Block, Inc.401(k)

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

Reported admin expense ratio · 2024
0.02%

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

Block, Inc. reported $258,487 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,919 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 fell from 0.03% to 0.02%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other professional & technical services employers. By assets it is the 116th-largest of 9,483 plans among California employers on file, and the 150th of 11,654 in professional & technical services. In 2024, employees put in $3.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,235,160,995
Participants with balances11,565
Active participants8,800
Employer contributions$43,286,494
Employee contributions$162,095,023
Employer contribution per active participant$4,919
Average account balance$106,802
Benefits paid to participants$102,265,829
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.2B · 11,565 accts · $43.3M emplr
2023$924.1M · 11,665 accts · $44.2M emplr
2022$574.7M · 10,429 accts · $38.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$258,487
Total administrative$258,487
The Block, Inc. 401(k) match · 2024
Employer contribution per active participant$4,919
Median for plans this size$5,259
2024$4,919 per active participant
2023$4,495 per active participant
2022$4,156 per active participant

Block, Inc.'s 2024 employer contribution ran below the $5,259 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$297,064

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$258,487 · 0.02%
2023$230,444 · 0.03%
2022$157,075 · 0.03%
Same employer
Similar plansProfessional & Technical Services · California
Morrison & Foerster LLP CA$1.4B · 0.01%
Cooley LLP CA$1.3B · 0.05%
Electronic Arts Inc. CA$1.3B · 0.02%
Palo Alto Networks, Inc. CA$1.3B · 0.01%
Illumina, Inc. CA$1.1B · 0.04%
Paul Hastings LLP CA$1.1B · 0.09%
Littler Mendelson, P.C. CA$1.1B · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800429876 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.