Plan Ledger DOL Form 5500 · updated monthly

Quartzy, Inc401(k)

QUARTZY 401(K) PLAN · HAYWARD, CA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Quartzy, Inc reported $1,970 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5 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 0.09% to 0.05%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (7,211th of 9,483), and 10,009th of 11,654 in professional & technical services. In 2024, employees put in $1416.07 for every $1.00 the employer contributed; active participation has shrunk from 118 to 91 since 2022.

Plan summary
Net assets, end of year$4,433,109
Participants with balances109
Active participants91
Employer contributions$500
Employee contributions$708,034
Employer contribution per active participant$5
Average account balance$40,671
Benefits paid to participants$162,210
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.4M · 109 accts · $500 emplr
2023$3.3M · 137 accts
2022$2.1M · 130 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,970
Total administrative$1,970
The Quartzy, Inc 401(k) match · 2024
Employer contribution per active participant$5
Median for plans this size$1,313

Quartzy, Inc's 2024 employer contribution ran below the $1,313 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$1,970

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$1,970 · 0.05%
2023$1,098 · 0.04%
2022$1,693 · 0.09%
Same employer
Similar plansProfessional & Technical Services · California
Dapper America Inc. CA$4.5M · 0.19%
Joinn Biologics US Inc CA$4.4M · 0.85%
Rice Services, Inc. CA$4.4M · 1.87%
Procureability Inc CA$4.4M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273372037 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.