Plan Ledger DOL Form 5500 · updated monthly

Braze, Inc.401(k)

BRAZE, INC. 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Braze, Inc. reported $226,114 in plan administrative expenses for 2024: 0.26% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,852 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 3 years on file its reported administrative ratio has held roughly steady near 0.26%. 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 769th-largest of 5,648 plans among New York employers on file, and the 1,453rd of 11,654 in professional & technical services. In 2024, employees put in $3.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$104,230,453
Participants with balances1,309
Active participants1,012
Employer contributions$4,909,810
Employee contributions$16,034,488
Employer contribution per active participant$4,852
Average account balance$79,626
Benefits paid to participants$6,270,347
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTONLARSONALLEN LLP LLP
Plan history3
Yearassets · accounts · employer contribution
2024$104.2M · 1,309 accts · $4.9M emplr
2023$72.3M · 1,239 accts · $4.9M emplr
2022$44.7M · 992 accts · $4.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$128,278
Investment management$70,598
Audit (IQPA)$20,475
Total administrative$226,114
The Braze, Inc. 401(k) match · 2024
Employer contribution per active participant$4,852
Median for plans this size$3,635
2024$4,852 per active participant
2023$4,910 per active participant
2022$4,335 per active participant

Braze, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$135,190
NEWFRONT RETIREMENT SERVICES INC · Investment advisory (plan)$70,598
CLIFTONLARSONALLEN LLP · Accounting / audit · Consulting$20,475

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$226,114 · 0.26%
2023$140,160 · 0.24%
2022$96,645 · 0.25%
Same employer
Similar plansProfessional & Technical Services · New York
C&S Worldwide Holdings, Inc. NY$106.0M · 0.14%
Butler/Till, Inc. NY$103.3M · 0.04%
Turner & Townsend, Inc. NY$102.1M · 0.43%
Anderson Kill P.C. NY$101.9M · 0.06%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 452505271 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.