Plan Ledger DOL Form 5500 · updated monthly

Cobalt Labs Inc401(k)

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

Reported admin expense ratio · 2024
0.07%

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

Cobalt Labs Inc reported $4,116 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,677 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 0.10% to 0.07%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (6,674th of 9,483), and 9,406th of 11,654 in professional & technical services. In 2024, employees put in $2.03 for every $1.00 the employer contributed; active participation has shrunk from 148 to 94 since 2022.

Plan summary
Net assets, end of year$5,975,785
Participants with balances142
Active participants94
Employer contributions$439,683
Employee contributions$894,321
Employer contribution per active participant$4,677
Average account balance$42,083
Benefits paid to participants$1,501,433
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 142 accts · $440K emplr
2023$5.4M · 213 accts · $569K emplr
2022$4.1M · 202 accts · $621K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,116
Total administrative$4,116
The Cobalt Labs Inc 401(k) match · 2024
Employer contribution per active participant$4,677
Median for plans this size$1,313
2024$4,677 per active participant
2023$3,308 per active participant
2022$4,199 per active participant

Cobalt Labs Inc's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$4,116
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$4,116 · 0.07%
2023$44,646 · 0.94%
2022$3,514 · 0.10%
Same employer
Similar plansProfessional & Technical Services · California
Evercharge Inc. CA$6.0M · 0.11%
Intellipro Group, Inc. CA$6.0M · 1.18%
The Envoy Group LLC CA$6.0M · 0.80%
Lindquist LLP CA$6.0M · 0.06%
Wolfsdorf Rosenthal LLP CA$6.0M · 0.33%
Tally Technologies, Inc. CA$5.9M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371747923 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.