Plan Ledger DOL Form 5500 · updated monthly

Blockfi Inc.401(k)

BLOCKFI 401(K) PLAN · NEW YORK, NY · plan year 2022

Reported admin expense ratio · 2022
0.41%

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

Blockfi Inc. reported $35,494 in plan administrative expenses for 2022: 0.41% of average plan assets, below the peer median. Employer contributions averaged $10 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 0.41% to 1.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in New York (3,770th of 5,648), and 4,089th of 4,798 in finance & insurance. In 2022, employees put in $1819.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,941,623
Participants with balances437
Active participants277
Employer contributions$2,766
Employee contributions$5,031,388
Employer contribution per active participant$10
Average account balance$20,461
Benefits paid to participants$3,262,440
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31 · 21 accts · $23K emplr
2023$8.2M · 380 accts · $1K emplr
2022$8.9M · 437 accts · $3K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$35,494
Total administrative$35,494
The Blockfi Inc. 401(k) match · 2022
Employer contribution per active participant$10
Median for plans this size$1,114
2024$915 per active participant
2023$29 per active participant
2022$10 per active participant

Blockfi Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$61,781 · 1.51%
2023$51,647 · 0.60%
2022$35,494 · 0.41%
Similar plansFinance & Insurance · New York
A-Cap, LLC NY$10.1M · 0.57%
State Bank of India NY$9.8M · 0.75%
Klik Technologies, Corp. NY$8.8M · 0.60%
Yieldstreet, Inc. NY$8.7M · 0.74%
Republic Operations LLC NY$8.5M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822390015 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.