Plan Ledger DOL Form 5500 · updated monthly

Firstup, Inc.401(k)

FIRSTUP, INC. 401(K)PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Firstup, Inc. reported $5,387 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,044 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 0.51% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 3,035th-largest of 9,483 plans among California employers on file, and the 870th of 2,199 in information & media. In 2024, employees put in $7.50 for every $1.00 the employer contributed; active participation has shrunk from 340 to 188 since 2022.

Plan summary
Net assets, end of year$25,660,037
Participants with balances405
Active participants188
Employer contributions$384,216
Employee contributions$2,880,491
Employer contribution per active participant$2,044
Average account balance$63,358
Benefits paid to participants$2,952,509
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.7M · 405 accts · $384K emplr
2023$20.4M · 426 accts · $2K emplr
2022$15.5M · 457 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,231
Investment management$4,156
Total administrative$5,387
The Firstup, Inc. 401(k) match · 2024
Employer contribution per active participant$2,044
Median for plans this size$2,416
2024$2,044 per active participant
2023$10 per active participant

Firstup, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,231

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$5,387 · 0.02%
2023$27,651 · 0.15%
2022$65,768 · 0.51%
All plans at this employer2
FIRSTUP INC. 401(K) PROFIT SHARING PLAN AND TRUST401(k)
FIRSTUP, INC. 401(K)PLAN401(k)
Same employer
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Medable, Inc. CA$25.8M · 0.40%
Taulia LLC CA$25.5M · 0.04%
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Sigma Computing, Inc. CA$25.1M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273839152 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.