Plan Ledger DOL Form 5500 · updated monthly

Formagrid Inc dba Airtable401(k)

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

Reported admin expense ratio · 2024
0.01%

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

Formagrid Inc dba Airtable reported $4,580 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,634 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 0.012% to 0.007%. 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 1,306th-largest of 9,483 plans among California employers on file, and the 2,012th of 11,654 in professional & technical services. In 2024, employees put in $12.68 for every $1.00 the employer contributed; active participation has shrunk from 891 to 582 since 2022.

Plan summary
Net assets, end of year$72,188,189
Participants with balances1,090
Active participants582
Employer contributions$950,918
Employee contributions$12,055,861
Employer contribution per active participant$1,634
Average account balance$66,228
Benefits paid to participants$8,090,211
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$72.2M · 1,090 accts · $951K emplr
2023$53.9M · 1,064 accts · $1.3M emplr
2022$32.7M · 1,121 accts · $3K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,580
Total administrative$4,580
The Formagrid Inc dba Airtable 401(k) match · 2024
Employer contribution per active participant$1,634
Median for plans this size$3,635
2024$1,634 per active participant
2023$2,368 per active participant
2022$3 per active participant

Formagrid Inc dba Airtable's 2024 employer contribution ran below the $3,635 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 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$4,580

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$4,580 · 0.01%
2023$6,558 · 0.02%
2022$3,063 · 0.01%
Same employer
Similar plansProfessional & Technical Services · California
Symphonyai, LLC CA$72.5M · 0.58%
Seti Institute CA$72.5M · 0.09%
Tri Holdco, Inc. CA$72.4M · 0.09%
Bosley, Inc. CA$71.9M · 0.48%
Vir Biotechnology, Inc. CA$71.9M · 0.14%
Userzoom Technologies, Inc. CA$71.5M · 0.06%
Blend Labs, Inc. CA$71.0M · 0.09%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 462070030 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.