Plan Ledger DOL Form 5500 · updated monthly

Redfish Labs, Inc.401(k)

REDFISH LABS 401(K) PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Redfish Labs, Inc. reported $33,572 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $2,050 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 0.95% to 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in California (6,516th of 9,483), and 1,765th of 2,199 in information & media. In 2024, employees put in $8.34 for every $1.00 the employer contributed; active participation has shrunk from 126 to 61 since 2022.

Plan summary
Net assets, end of year$6,427,283
Participants with balances142
Active participants61
Employer contributions$125,073
Employee contributions$1,042,740
Employer contribution per active participant$2,050
Average account balance$45,263
Benefits paid to participants$1,291,161
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 142 accts · $125K emplr
2023$5.8M · 150 accts · $169K emplr
2022$4.1M · 174 accts · $202K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,343
Investment management$31,229
Total administrative$33,572
The Redfish Labs, Inc. 401(k) match · 2024
Employer contribution per active participant$2,050
Median for plans this size$1,313
2024$2,050 per active participant
2023$1,756 per active participant
2022$1,602 per active participant

Redfish Labs, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20243
INDEPENDENT FINANCIAL GROUP, LLC · Recordkeeping · Trustee$31,228
ADP, INC. · Recordkeeping$2,343
ADP BROKER-DEALERindirect comp

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, INDEPENDENT FINANCIAL GROUP, LLC
2023ADP, INDEPENDENT FINANCIAL GROUP, LLC

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Administrative cost history3
2024$33,572 · 0.55%
2023$35,246 · 0.71%
2022$34,145 · 0.95%
Similar plansInformation & Media · California
Goanimate, Inc. CA$6.7M · 0.04%
Trm Labs Inc. CA$6.7M · 0.23%
Quixote Studios, LLC CA$6.6M · 0.26%
Mission Health Labs Inc CA$6.5M · 0.12%
Thought Stream, LLC CA$6.4M · 0.04%
Standard Cognition, Corp. CA$6.4M · 0.12%
Spire Inc CA$6.4M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822328761 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.