Plan Ledger DOL Form 5500 · updated monthly

Snorkel Ai, Inc.401(k)

SNORKEL AI, INC. RETIREMENT PLAN · REDWOOD CITY, CA · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Snorkel Ai, Inc. reported $24,367 in plan administrative expenses for 2024: 0.36% of average plan assets, below the peer median. Employer contributions averaged $9 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 1 year on file its reported administrative ratio rose from 0.27% to 0.36%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (5,968th of 9,483), and 8,635th of 11,654 in professional & technical services. In 2024, employees put in $1279.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,143,394
Participants with balances160
Active participants169
Employer contributions$1,438
Employee contributions$1,839,979
Employer contribution per active participant$9
Average account balance$50,896
Benefits paid to participants$980,702
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$8.1M · 160 accts · $1K emplr
2023$5.4M · 113 accts · $84K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,823
Investment management$544
Total administrative$24,367
The Snorkel Ai, Inc. 401(k) match · 2024
Employer contribution per active participant$9
Median for plans this size$1,313
2024$9 per active participant
2023$928 per active participant

Snorkel Ai, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$23,825

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

Administrative cost history2
2024$24,367 · 0.36%
2023$14,665 · 0.27%
Same employer
Similar plansProfessional & Technical Services · California
H.R. Options, Inc. CA$8.2M · 0.22%
4C Holdings, Inc. CA$8.1M · 0.18%
Inflammatix, Inc. CA$8.1M · 0.15%
Discopylabs CA$8.0M · 0.10%
Adara, Inc. CA$8.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 834116651 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.