Plan Ledger DOL Form 5500 · updated monthly

Shift Technology Inc401(k)

SHIFT TECHNOLOGY INC 401K PLAN · NEW YORK, NY · plan year 2025

Reported admin expense ratio · 2025
0.02%

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

Shift Technology Inc reported $1,996 in plan administrative expenses for 2025: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,512 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 0.04% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,172nd of 5,648), and 7,031st of 11,654 in professional & technical services. In 2025, employees put in $3.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,236,138
Participants with balances157
Active participants94
Employer contributions$424,163
Employee contributions$1,491,654
Employer contribution per active participant$4,512
Average account balance$84,307
Benefits paid to participants$1,352,721
Plan auditUnmodified (clean) audit opinion
AuditorPLANCHECK CPAS
Plan history3
Yearassets · accounts · employer contribution
2025$13.2M · 157 accts · $424K emplr
2024$10.7M · 154 accts · $414K emplr
2023$7.5M · 146 accts · $472K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$1,996
Total administrative$1,996
The Shift Technology Inc 401(k) match · 2025
Employer contribution per active participant$4,512
Median for plans this size$2,666
2025$4,512 per active participant
2024$3,980 per active participant
2023$4,539 per active participant

Shift Technology 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 · 20251
ADP, INC. · Recordkeeping · Loan processing$1,996

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

Recordkeeper by year3
2025ADP
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2025$1,996 · 0.02%
2024$1,220 · 0.01%
2023$2,571 · 0.04%
Similar plansProfessional & Technical Services · New York
Anatomy IT , LLC NY$13.4M · 0.44%
Support.com, Inc. NY$13.3M · 0.31%
Propeller Industries, LLC NY$13.2M · 0.50%
Benefit Resource, LLC NY$13.2M · 0.34%
Kld Associates, Inc. NY$13.1M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320540837 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.