Plan Ledger DOL Form 5500 · updated monthly

Sezzle, Inc.401(k)

SEZZLE 401(K) PLAN · MINNEAPOLIS, MN · plan year 2025

Reported admin expense ratio · 2025
0.48%

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

Sezzle, Inc. reported $86,476 in plan administrative expenses for 2025: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $7,780 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 fell from 1.11% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other information & media employers. By assets it is the 872nd-largest of 1,918 plans among Minnesota employers on file, and the 1,009th of 2,199 in information & media. In 2025, employees put in $1.44 for every $1.00 the employer contributed; active participation has shrunk from 229 to 200 since 2022.

Plan summary
Net assets, end of year$20,652,296
Participants with balances265
Active participants200
Employer contributions$1,556,074
Employee contributions$2,240,907
Employer contribution per active participant$7,780
Average account balance$77,933
Benefits paid to participants$1,708,224
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$20.7M · 265 accts · $1.6M emplr
2024$15.3M · 296 accts · $1.5M emplr
2023$10.4M · 283 accts · $1.3M emplr
2022$6.5M · 319 accts · $1.3M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$44,291
Investment management$42,185
Total administrative$86,476
The Sezzle, Inc. 401(k) match · 2025
Employer contribution per active participant$7,780
Median for plans this size$2,666
2025$7,780 per active participant
2024$6,746 per active participant
2023$5,935 per active participant
2022$5,523 per active participant

Sezzle, Inc.'s 2025 employer contribution ran above the $2,666 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 · 20253
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$44,291
MMA SECURITIES · Investment advisory (plan)$34,227
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$7,958

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

Administrative cost history4
2025$86,476 · 0.48%
2024$73,602 · 0.57%
2023$76,179 · 0.90%
2022$68,035 · 1.11%
Same employer
Similar plansInformation & Media · Minnesota
The Tapemark Company MN$22.1M · 0.00%
Arcserve LLC MN$21.9M · 0.50%
Field Nation, LLC MN$16.7M · 0.52%
Episource LLC MN$14.8M · 0.57%
When I Work, Inc. MN$14.0M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810971660 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.