Plan Ledger DOL Form 5500 · updated monthly

Simpler Postage, Inc. dba Easypost401(k)

EASYPOST 401(K) PLAN · LEHI, UT · plan year 2025

Reported admin expense ratio · 2025
0.39%

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

Simpler Postage, Inc. dba Easypost reported $101,479 in plan administrative expenses for 2025: 0.39% of average plan assets, above the peer median. Employer contributions averaged $384 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 0.80% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 225th-largest of 848 plans among Utah employers on file, and the 568th of 2,677 in transportation & warehousing. In 2025, employees put in $28.97 for every $1.00 the employer contributed; active participation has grown from 303 to 359 since 2022.

Plan summary
Net assets, end of year$29,082,233
Participants with balances389
Active participants359
Employer contributions$137,886
Employee contributions$3,994,611
Employer contribution per active participant$384
Average account balance$74,762
Benefits paid to participants$4,051,374
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$29.1M · 389 accts · $138K emplr
2024$23.6M · 418 accts · $1.5M emplr
2023$14.4M · 346 accts · $1.1M emplr
2022$5.8M · 273 accts · $699K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$48,622
Investment management$43,734
Audit (IQPA)$9,123
Total administrative$101,479
The Simpler Postage, Inc. dba Easypost 401(k) match · 2025
Employer contribution per active participant$384
Median for plans this size$2,666
2025$384 per active participant
2024$3,066 per active participant
2023$3,037 per active participant
2022$2,308 per active participant

Simpler Postage, Inc. dba Easypost's 2025 employer contribution ran below the $2,666 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 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$48,622
WELLTH ADVISORY SERVICES LLC · Investment advisory (plan)$38,942
PENSION ASSURANCE LLP · Accounting / audit$9,123

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$101,479 · 0.39%
2024$84,580 · 0.45%
2023$63,574 · 0.63%
2022$38,837 · 0.80%
Same employer
Similar plansTransportation & Warehousing · Utah
Skywest, Inc. UT$1.7B · 0.06%
Oocl USA Inc. UT$164.2M · 0.02%
C.R. England, Inc. UT$120.8M · 0.20%
Breeze Aviation Group, Inc UT$40.7M · 0.44%
Barney Trucking, Inc. UT$18.3M · 0.63%
Maxway Trucking, Inc. UT$13.1M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461393085 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.