Plan Ledger DOL Form 5500 · updated monthly

Marqeta, Inc.401(k)

MARQETA 401(K) PLAN · OAKLAND, CA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Marqeta, Inc. reported $64,060 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $6,207 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 0.03% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 973rd-largest of 9,483 plans among California employers on file, and the 973rd of 4,798 in finance & insurance. In 2024, employees put in $3.23 for every $1.00 the employer contributed; active participation has shrunk from 927 to 750 since 2022.

Plan summary
Net assets, end of year$103,699,000
Participants with balances1,136
Active participants750
Employer contributions$4,655,396
Employee contributions$15,026,699
Employer contribution per active participant$6,207
Average account balance$91,284
Benefits paid to participants$9,063,714
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$103.7M · 1,136 accts · $4.7M emplr
2023$73.0M · 1,082 accts · $5.5M emplr
2022$44.4M · 864 accts · $4.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,060
Total administrative$64,060
The Marqeta, Inc. 401(k) match · 2024
Employer contribution per active participant$6,207
Median for plans this size$3,635
2024$6,207 per active participant
2023$7,593 per active participant
2022$5,094 per active participant

Marqeta, Inc.'s 2024 employer contribution ran above the $3,635 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$64,388

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$64,060 · 0.07%
2023$11,319 · 0.02%
2022$12,503 · 0.03%
Same employer
Similar plansFinance & Insurance · California
Exchange Bank CA$107.5M · 0.01%
Manufacturers Bank CA$106.4M · 0.17%
Redwood Credit Union CA$103.9M · 0.09%
Hellman & Friedman LLC CA$101.8M · 0.04%
Stepstone Group LP CA$101.0M · 0.02%
Mission Federal Credit Union CA$100.7M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 274306690 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.