Plan Ledger DOL Form 5500 · updated monthly

Lyft, Inc.401(k)

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

Reported admin expense ratio · 2024
0.12%

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

Lyft, Inc. reported $428,972 in plan administrative expenses for 2024: 0.12% 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 fell from 0.16% to 0.12%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 346th-largest of 9,483 plans among California employers on file, and the 470th of 11,654 in professional & technical services. active participation has shrunk from 3,559 to 2,193 since 2022.

Plan summary
Net assets, end of year$375,313,514
Participants with balances4,863
Active participants2,193
Employer contributions$0
Employee contributions$37,810,309
Employer contribution per active participant$0
Average account balance$77,177
Benefits paid to participants$47,118,124
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$375.3M · 4,863 accts
2023$320.4M · 5,117 accts
2022$264.5M · 6,118 accts · $30K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$339,557
Investment management$65,915
Audit (IQPA)$23,500
Total administrative$428,972
The Lyft, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$4,294

Lyft, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$344,337
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$49,665
BLUE & CO., LLC · Accounting / audit$23,500
NEWFRONT RETIREMENT SERVICES, INC. · Investment advisory (plan)$16,250

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$428,972 · 0.12%
2023$439,984 · 0.15%
2022$436,646 · 0.16%
Same employer
Similar plansProfessional & Technical Services · California
Databricks, Inc. CA$418.9M · 0.10%
Nutanix, Inc. CA$412.4M · 0.01%
Align Technology, Inc. CA$411.7M · 0.11%
Armanino LLP CA$347.4M · 0.11%
Procore Technologies, Inc. CA$345.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208809830 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.