Plan Ledger DOL Form 5500 · updated monthly

New Relic, Inc.401(k)

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

Reported admin expense ratio · 2024
0.05%

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

New Relic, Inc. reported $125,674 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,510 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 0.08% to 0.05%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other information & media employers. By assets it is the 471st-largest of 9,483 plans among California employers on file, and the 157th of 2,199 in information & media. In 2024, employees put in $3.37 for every $1.00 the employer contributed; active participation has shrunk from 1,683 to 1,124 since 2022.

Plan summary
Net assets, end of year$255,786,241
Participants with balances2,383
Active participants1,124
Employer contributions$7,317,265
Employee contributions$24,667,353
Employer contribution per active participant$6,510
Average account balance$107,338
Benefits paid to participants$36,504,075
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$255.8M · 2,383 accts · $7.3M emplr
2023$220.2M · 2,610 accts · $9.0M emplr
2022$171.7M · 2,790 accts · $8.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$89,758
Investment management$17,416
Audit (IQPA)$18,500
Total administrative$125,674
The New Relic, Inc. 401(k) match · 2024
Employer contribution per active participant$6,510
Median for plans this size$3,635
2024$6,510 per active participant
2023$5,904 per active participant
2022$5,154 per active participant

New Relic, 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$89,758
PENSION ASSURANCE LLP · Accounting / audit$18,500
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$17,416

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$125,674 · 0.05%
2023$41,922 · 0.02%
2022$139,696 · 0.08%
Same employer
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Zendesk, Inc. CA$352.2M · 0.01%
Linquest Corporation CA$320.4M · 0.03%
Nextgen Healthcare, Inc. CA$264.6M · 0.08%
Reddit, Inc. CA$251.3M · 0.06%
Osisoft, LLC CA$244.6M
Ringcentral Inc CA$227.6M · 0.13%
COMPANY3 / Method Inc. CA$216.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262017431 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.