Plan Ledger DOL Form 5500 · updated monthly

Popout, Inc. dba Shippo401(k)

SHIPPO 401(K)PLAN · SAN FRANCISCO, 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

Popout, Inc. dba Shippo reported $8,685 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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 0.50% to 0.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 4,716th-largest of 9,483 plans among California employers on file, and the 841st of 2,534 in administrative & support services. active participation has shrunk from 245 to 143 since 2022.

Plan summary
Net assets, end of year$13,183,276
Participants with balances277
Active participants143
Employer contributions$0
Employee contributions$2,251,958
Employer contribution per active participant$0
Average account balance$47,593
Benefits paid to participants$3,546,913
Plan auditUnmodified (clean) audit opinion
AuditorFRANK, RIMERMAN & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.2M · 277 accts
2023$11.6M · 267 accts
2022$8.2M · 344 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,685
Total administrative$8,685
The Popout, Inc. dba Shippo 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Popout, Inc. dba Shippo'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$8,685

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$8,685 · 0.07%
2023$15,157 · 0.15%
2022$34,733 · 0.50%
Same employer
Similar plansAdministrative & Support Services · California
Scio Technologies, Inc. CA$13.8M · 0.09%
San Diego Tourism Authority CA$13.4M · 0.24%
Drata Inc CA$13.3M · 0.11%
Valmetal Tulare, Inc. CA$13.1M · 0.47%
Riviera Partners CA$12.9M · 0.19%
Majorel USA, Inc. CA$12.8M · 0.42%
Fisher Holdings Inc CA$12.3M · 0.48%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 331229535 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.