Plan Ledger DOL Form 5500 · updated monthly

Klarna, Inc.401(k)

KLARNA 401(K) PLAN · COLUMBUS, OH · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Klarna, Inc. reported $68,356 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $4,105 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 0.04% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 924th-largest of 3,295 plans among Ohio employers on file, and the 3,948th of 11,654 in professional & technical services. In 2024, employees put in $3.13 for every $1.00 the employer contributed; active participation has shrunk from 541 to 261 since 2022.

Plan summary
Net assets, end of year$32,109,538
Participants with balances569
Active participants261
Employer contributions$1,071,495
Employee contributions$3,352,786
Employer contribution per active participant$4,105
Average account balance$56,432
Benefits paid to participants$3,553,093
Plan auditUnmodified (clean) audit opinion
AuditorARY ROEPCKE MULCHAEY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$32.1M · 569 accts · $1.1M emplr
2023$27.2M · 688 accts · $1.3M emplr
2022$20.7M · 936 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,356
Total administrative$68,356
The Klarna, Inc. 401(k) match · 2024
Employer contribution per active participant$4,105
Median for plans this size$2,416
2024$4,105 per active participant
2023$3,587 per active participant
2022$4,059 per active participant

Klarna, Inc.'s 2024 employer contribution ran above 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 · 202412
T. ROWE PRICE RPS, INC. · Recordkeeping · Trustee$68,356
PIMCO · Investment managementindirect comp
DIMENSIONAL FUNDS · Investment managementindirect comp
BUFFALO FUNDS · Investment managementindirect comp
PRUDENTIAL JENNISON · Investment managementindirect comp
INVESCO · Investment managementindirect comp
ALLIANCE BERNSTEIN · Investment managementindirect comp
FIDELITY · Investment managementindirect comp
MFS · Investment managementindirect comp
AMERICAN FUNDS · Investment managementindirect comp
VICTORY · Investment managementindirect comp
JP MORGAN · Investment managementindirect comp

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$68,356 · 0.23%
2023$16,793 · 0.07%
2022$7,020 · 0.04%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 990365994 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.