Plan Ledger DOL Form 5500 · updated monthly

Salsify, Inc401(k)

SALSIFY, INC. 401(K) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Salsify, Inc reported $83,087 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $9 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 rose from 0.03% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 864th-largest of 2,726 plans among Massachusetts employers on file, and the 662nd of 2,199 in information & media. In 2024, employees put in $1824.36 for every $1.00 the employer contributed; active participation has shrunk from 425 to 273 since 2022.

Plan summary
Net assets, end of year$37,522,416
Participants with balances521
Active participants273
Employer contributions$2,361
Employee contributions$4,307,310
Employer contribution per active participant$9
Average account balance$72,020
Benefits paid to participants$4,921,320
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$37.5M · 521 accts · $2K emplr
2023$32.0M · 589 accts
2022$23.4M · 692 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,595
Investment management$34,992
Audit (IQPA)$4,500
Total administrative$83,087
The Salsify, Inc 401(k) match · 2024
Employer contribution per active participant$9
Median for plans this size$2,416

Salsify, Inc'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$43,595
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$34,992

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$83,087 · 0.24%
2023$59,678 · 0.22%
2022$7,849 · 0.03%
Same employer
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Seres Therapeutics, Inc. MA$43.6M · 0.01%
Interactions, LLC MA$37.5M · 0.15%
The Channel Company, LLC MA$36.5M · 0.02%
Panorama Education, Inc. MA$35.9M · 0.08%
N-Able Technologies, Inc. MA$35.2M · 0.18%
Risi, Inc. MA$34.0M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454561673 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.