Picsart, Inc.401(k)
PICSART 401(K) PLAN · SAN FRANCISCO, CA · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Picsart, Inc. reported $4,042 in plan administrative expenses for 2023: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1 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 1 year on file its reported administrative ratio rose from 0.11% to 0.14%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (7,901st of 9,483), and 10,579th of 11,654 in professional & technical services. In 2023, employees put in $14840.33 for every $1.00 the employer contributed.
Picsart, Inc.'s 2023 employer contribution ran below the $1,308 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 464626247 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.