Plan Ledger DOL Form 5500 · updated monthly

Sequoia Capital Operations, LLC401(k)

SEQUOIA 401(K) PLAN · MENLO PARK, CA · plan year 2025

Reported admin expense ratio · 2025
0.01%

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

Sequoia Capital Operations, LLC reported $18,065 in plan administrative expenses for 2025: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $53,798 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 rose from 0.007% to 0.014%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other finance & insurance employers. By assets it is the 753rd-largest of 9,483 plans among California employers on file, and the 775th of 4,798 in finance & insurance. In 2025, the employer put in $3.01 for every $1.00 employees contributed themselves; active participation has shrunk from 206 to 164 since 2022.

Plan summary
Net assets, end of year$140,604,883
Participants with balances357
Active participants164
Employer contributions$8,822,926
Employee contributions$2,931,441
Employer contribution per active participant$53,798
Average account balance$393,851
Benefits paid to participants$9,997,419
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$140.6M · 357 accts · $8.8M emplr
2024$117.4M · 353 accts · $8.9M emplr
2023$93.6M · 348 accts · $7.6M emplr
2022$72.0M · 331 accts · $6.2M emplr
The Sequoia Capital Operations, LLC 401(k) match · 2025
Employer contribution per active participant$53,798
Median for plans this size$4,093
2025$53,798 per active participant
2024$45,197 per active participant
2023$37,770 per active participant
2022$30,248 per active participant

Sequoia Capital Operations, LLC's 2025 employer contribution ran above the $4,093 median for plans its size, placing it in the top 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
THE VANGUARD GROUP, INC. · Recordkeeping · Trustee (directed)$1,125
VANGUARD ADVISERS INC. · Investment advisory (participants)$17,240

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

Recordkeeper by year3
2025Vanguard
2024Vanguard
2023Vanguard

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Administrative cost history4
2025$18,065 · 0.01%
2024$12,943 · 0.01%
2023$8,851 · 0.01%
2022$5,085 · 0.01%
Same employer
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Hanmi Bank CA$143.9M · 0.10%
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Kinecta Federal Credit Union CA$136.1M · 0.12%
Pantheon Freedom, Inc. CA$133.6M · 0.16%
Pacific Premier Bank CA$131.5M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770533605 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.