Plan Ledger DOL Form 5500 · updated monthly

Canopy Growth USA, LLC401(k)

CANOPY GROWTH CORPORATION 401(K) PLAN · DENVER, CO · plan year 2023

Reported admin expense ratio · 2023
0.63%

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

Canopy Growth USA, LLC reported $29,224 in plan administrative expenses for 2023: 0.63% of average plan assets, above the peer median. Employer contributions averaged $8,222 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 1.48% to 2.30%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Colorado (1,067th of 1,461), and 11,301st of 13,661 in manufacturing. In 2023, employees put in $2.44 for every $1.00 the employer contributed; active participation has shrunk from 131 to 39 since 2022.

Plan summary
Net assets, end of year$4,813,162
Participants with balances254
Active participants39
Employer contributions$320,658
Employee contributions$783,243
Employer contribution per active participant$8,222
Average account balance$18,949
Benefits paid to participants$1,639,221
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $98K emplr
2024$4.0M · 102 accts · $156K emplr
2023$4.8M · 254 accts · $321K emplr
2022$4.4M · 240 accts · $483K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,139
Total administrative$29,224
The Canopy Growth USA, LLC 401(k) match · 2023
Employer contribution per active participant$8,222
Median for plans this size$1,308
2024$5,032 per active participant
2023$8,222 per active participant
2022$3,690 per active participant

Canopy Growth USA, LLC's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PCS RETIREMENT, LLC · Recordkeeping$28,429
JOHN HANCOCK LIFE INSURANCE CO · Recordkeeping · Investment management$795

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

Recordkeeper by year3
2025PCS Retirement, THE MANDMARBLESTONE GROUP LLC
2024PCS Retirement, THE MANDMARBLESTONE GROUP LLC
2023John Hancock, PCS Retirement

This plan has changed recordkeepers within these filings. If you left Canopy Growth USA, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025Not separately reported
2024$101,502 · 2.30%
2023$29,224 · 0.63%
2022$61,818 · 1.48%
Same employer
Similar plansManufacturing · Colorado
Caroba Plastics, Inc. CO$4.9M · 0.53%
Brunton Outdoor, Inc CO$4.9M · 0.81%
Deline Box Company CO$4.5M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371913718 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.