Plan Ledger DOL Form 5500 · updated monthly

Phreesia, Inc.401(k)

PHREESIA, INC. 401(K) PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Phreesia, Inc. reported $73,193 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $20 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 0.47% to 0.16%. 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 377th-largest of 2,005 plans among North Carolina employers on file, and the 2,762nd of 11,654 in professional & technical services. In 2024, employees put in $410.31 for every $1.00 the employer contributed; active participation has shrunk from 1,049 to 932 since 2022.

Plan summary
Net assets, end of year$49,919,097
Participants with balances843
Active participants932
Employer contributions$18,474
Employee contributions$7,580,125
Employer contribution per active participant$20
Average account balance$59,216
Benefits paid to participants$5,514,783
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$49.9M · 843 accts · $18K emplr
2023$39.0M · 987 accts · $495K emplr
2022$25.0M · 892 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,053
Investment management$50,140
Total administrative$73,193
The Phreesia, Inc. 401(k) match · 2024
Employer contribution per active participant$20
Median for plans this size$2,416
2024$20 per active participant
2023$516 per active participant

Phreesia, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
CREATIVE PLANNING LLC · Investment advisory (plan)$49,039
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$23,053

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$73,193 · 0.16%
2023$150,019 · 0.47%
2022$107,953 · 0.47%
Same employer
Similar plansProfessional & Technical Services · North Carolina
Market America, Inc. NC$52.8M · 0.09%
Johnson Lambert LLP NC$50.1M · 0.05%
Apex Analytix LLC NC$44.8M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202275479 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.