Plan Ledger DOL Form 5500 · updated monthly

Prosper Marketplace, Inc.401(k)

PROSPER MARKETPLACE, INC. 401(K) PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Prosper Marketplace, Inc. reported $96,029 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $669 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 3 years on file its reported administrative ratio has held roughly steady near 0.167%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,506th-largest of 9,483 plans among California employers on file, and the 1,438th of 4,798 in finance & insurance. In 2024, employees put in $15.26 for every $1.00 the employer contributed; active participation has shrunk from 465 to 410 since 2022.

Plan summary
Net assets, end of year$61,206,863
Participants with balances693
Active participants410
Employer contributions$274,488
Employee contributions$4,187,784
Employer contribution per active participant$669
Average account balance$88,322
Benefits paid to participants$5,879,233
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$61.2M · 693 accts · $274K emplr
2023$53.7M · 802 accts · $2.9M emplr
2022$40.4M · 818 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,433
Investment management$73,596
Total administrative$96,029
The Prosper Marketplace, Inc. 401(k) match · 2024
Employer contribution per active participant$669
Median for plans this size$3,635
2024$669 per active participant
2023$7,410 per active participant
2022$5,773 per active participant

Prosper Marketplace, Inc.'s 2024 employer contribution ran below the $3,635 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
PORTICO WEALTH ADVISORS, LLC · Recordkeeping · Pension consulting$73,596
ADP, INC. · Loan processing · Recordkeeping$22,433

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, PORTICO WEALTH ADVISORS, LLC
2023ADP, PORTICO WEALTH ADVISORS, LLC

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$96,029 · 0.17%
2023$76,782 · 0.16%
2022$70,401 · 0.17%
Same employer
Similar plansFinance & Insurance · California
Deans & Homer CA$62.8M · 0.07%
Redwood Trust, Inc. CA$62.5M · 0.06%
Banc of California, Inc. CA$62.0M · 0.28%
Bank of Stockton CA$61.4M · 0.10%
Trico Bancshares CA$59.2M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731733867 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.