Plan Ledger DOL Form 5500 · updated monthly

Procore Technologies, Inc.401(k)

PROCORE TECHNOLOGIES RETIREMENT PLAN · CARPINTERIA, 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

Procore Technologies, Inc. reported $198,283 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $4,074 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 0.13% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 366th-largest of 9,483 plans among California employers on file, and the 493rd of 11,654 in professional & technical services. In 2024, employees put in $3.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$345,244,966
Participants with balances4,374
Active participants3,256
Employer contributions$13,266,277
Employee contributions$41,852,658
Employer contribution per active participant$4,074
Average account balance$78,931
Benefits paid to participants$28,255,378
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$345.2M · 4,374 accts · $13.3M emplr
2023$259.0M · 4,092 accts · $17.4M emplr
2022$164.1M · 3,802 accts · $13.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,366
Total administrative$198,283
The Procore Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$4,074
Median for plans this size$4,294
2024$4,074 per active participant
2023$5,503 per active participant
2022$4,360 per active participant

Procore Technologies, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$80,366

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$198,283 · 0.07%
2023$196,535 · 0.09%
2022$201,550 · 0.13%
Same employer
Similar plansProfessional & Technical Services · California
Lyft, Inc. CA$375.3M · 0.12%
Armanino LLP CA$347.4M · 0.11%
Zscaler, Inc. CA$340.6M · 0.01%
Andersen Tax LLC CA$336.9M · 0.08%
Hrl Laboratories, LLC CA$334.7M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731636261 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.