Plan Ledger DOL Form 5500 · updated monthly

Panzura LLC401(k)

PANZURA LLC 401(K) · SAN JOSE, CA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Panzura LLC reported $31,397 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $5,294 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 0.20% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in California (5,284th of 9,483), and 1,470th of 2,199 in information & media. In 2024, employees put in $3.17 for every $1.00 the employer contributed; active participation has shrunk from 169 to 78 since 2022.

Plan summary
Net assets, end of year$10,675,054
Participants with balances150
Active participants78
Employer contributions$412,966
Employee contributions$1,308,693
Employer contribution per active participant$5,294
Average account balance$71,167
Benefits paid to participants$2,809,544
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 150 accts · $413K emplr
2023$10.1M · 184 accts · $593K emplr
2022$7.6M · 211 accts · $577K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,321
Investment management$21,076
Total administrative$31,397
The Panzura LLC 401(k) match · 2024
Employer contribution per active participant$5,294
Median for plans this size$2,416
2024$5,294 per active participant
2023$4,945 per active participant
2022$3,415 per active participant

Panzura LLC's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
MORGAN STANLEY · Investment advisory (plan)$21,076

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$31,397 · 0.30%
2023$34,732 · 0.39%
2022$15,435 · 0.20%
Same employer
Similar plansInformation & Media · California
Brightinsight, Inc. CA$10.7M · 0.54%
Agi Publishing, Inc. CA$10.7M · 0.41%
Workboard, Inc. CA$10.7M · 0.03%
Leandata, Inc. CA$10.6M · 0.03%
Tunein, Inc. CA$10.5M · 0.07%
McNaughton Newspapers, Inc. CA$10.4M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 851049719 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.