Plan Ledger DOL Form 5500 · updated monthly

Smartsheet Inc.401(k)

SMARTSHEET INC. 401(K) P/S PLAN · BELLEVUE, WA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Smartsheet Inc. reported $279,289 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $4,616 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 0.20% to 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other information & media employers. By assets it is the 78th-largest of 1,714 plans among Washington employers on file, and the 147th of 2,199 in information & media. In 2024, employees put in $3.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$273,839,073
Participants with balances3,096
Active participants2,431
Employer contributions$11,221,646
Employee contributions$38,063,759
Employer contribution per active participant$4,616
Average account balance$88,449
Benefits paid to participants$22,048,100
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$273.8M · 3,096 accts · $11.2M emplr
2023$204.3M · 3,066 accts · $10.4M emplr
2022$130.6M · 3,000 accts · $9.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$215,500
Investment management$63,789
Total administrative$279,289
The Smartsheet Inc. 401(k) match · 2024
Employer contribution per active participant$4,616
Median for plans this size$3,635
2024$4,616 per active participant
2023$4,010 per active participant
2022$3,718 per active participant

Smartsheet Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size. 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$215,500
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$63,789

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$279,289 · 0.12%
2023$277,363 · 0.17%
2022$248,555 · 0.20%
Same employer
Similar plansInformation & Media · Washington
Microsoft Corporation WA$77.8B · 0.06%
T-Mobile USA, Inc. WA$9.1B · 0.03%
Northwest Fiber, LLC WA$174.1M · 0.04%
Seattle Times Company WA$156.6M · 0.09%
Realnetworks, LLC WA$89.2M · 0.09%
HR Benefits Inc WA$88.6M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202954357 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.