Plan Ledger DOL Form 5500 · updated monthly

Figure Technologies, Inc.401(k)

FIGURE 401(K) PLAN · SAN FRANCISCO, CA · plan year 2023

Reported admin expense ratio · 2023
0.28%

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

Figure Technologies, Inc. reported $46,195 in plan administrative expenses for 2023: 0.28% of average plan assets, above the peer median. Employer contributions averaged $0 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 has held roughly steady near 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is the 3,694th-largest of 9,483 plans among California employers on file, and 3,107th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$19,570,491
Participants with balances520
Active participants439
Employer contributions$0
Employee contributions$4,815,244
Employer contribution per active participant$0
Average account balance$37,636
Benefits paid to participants$2,180,352
Plan auditUnmodified (clean) audit opinion
AuditorFRANK, RIMERMAN & CO., LLP
Plan history2
Yearassets · accounts · employer contribution
2023$19.6M · 520 accts
2022$13.2M · 556 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$20,370
Investment management$25,825
Total administrative$46,195
The Figure Technologies, Inc. 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$2,440

Figure Technologies, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRECEPT ADVISORY GROUP · Investment advisory (plan)$21,922
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$20,370

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

Administrative cost history2
2023$46,195 · 0.28%
2022$35,306 · 0.30%
Same employer
Similar plansFinance & Insurance · California
Dibuduo & Defendis CA$20.0M · 0.63%
Vervent, Inc. CA$19.7M · 0.40%
Calprivate Bank CA$19.7M · 0.42%
American Riviera Bank CA$19.2M · 0.22%
Santa Cruz County Bank CA$18.8M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823999124 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.