Plan Ledger DOL Form 5500 · updated monthly

Grab Technology LLC401(k)

GRAB TECHNOLOGY LLC 401(K) PROFIT SHARING PLAN & TRUST · BELLEVUE, WA · plan year 2023

Reported admin expense ratio · 2023
0.29%

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

Grab Technology LLC reported $33,689 in plan administrative expenses for 2023: 0.29% of average plan assets, above the peer median. Employer contributions averaged $71,358 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 0.23% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Washington (936th of 1,714), and the 1,426th of 3,341 in other services. In 2023, employees put in $1.12 for every $1.00 the employer contributed; active participation has shrunk from 85 to 18 since 2022.

Plan summary
Net assets, end of year$12,727,750
Participants with balances127
Active participants18
Employer contributions$1,284,447
Employee contributions$1,443,300
Employer contribution per active participant$71,358
Average account balance$100,219
Benefits paid to participants$2,717,467
Plan auditUnmodified (clean) audit opinion
AuditorKBF CPAS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.7M · 102 accts · $499K emplr
2023$12.7M · 127 accts · $1.3M emplr
2022$10.5M · 151 accts · $1.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,818
Investment management$16,011
Trustee / custodial$860
Total administrative$33,689
The Grab Technology LLC 401(k) match · 2023
Employer contribution per active participant$71,358
Median for plans this size$2,440
2024$29,367 per active participant
2023$71,358 per active participant
2022$13,154 per active participant

Grab Technology LLC's 2023 employer contribution ran above the $2,440 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
PAYCHEX, INC. · Recordkeeping · Investment advisory (participants)$16,781
THE WATERFORD GROUP · Recordkeeping · Investment advisory (participants)$11,501

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

Recordkeeper by year2
2024Paychex
2023Paychex, THE WATERFORD GROUP

This plan has changed recordkeepers within these filings. If you left Grab Technology 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 history3
2024$36,360 · 0.29%
2023$33,689 · 0.29%
2022$27,217 · 0.23%
Similar plansOther Services · Washington
Hopelink WA$15.0M · 0.68%
Seiu Healthcare 1199NW WA$14.0M · 0.13%
Neighborhood House, Inc. WA$13.0M · 0.13%
Car Wash Enterprises, Inc. WA$12.5M · 0.22%
Orion Industries, Inc. WA$11.8M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 831121681 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.