Plan Ledger DOL Form 5500 · updated monthly

Spotify USA Inc.401(k)

SPOTIFY USA INC. 401(K) PROFIT SHARING PLAN AND TRUST · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Spotify USA Inc. reported $553,200 in plan administrative expenses for 2024: 0.11% of average plan assets, above the peer median. Employer contributions averaged $5,613 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 0.14% to 0.11%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 203rd-largest of 5,648 plans among New York employers on file, and the 314th of 11,654 in professional & technical services. In 2024, employees put in $3.67 for every $1.00 the employer contributed; active participation has shrunk from 4,271 to 3,281 since 2022.

Plan summary
Net assets, end of year$565,838,485
Participants with balances5,120
Active participants3,281
Employer contributions$18,415,707
Employee contributions$67,525,074
Employer contribution per active participant$5,613
Average account balance$110,515
Benefits paid to participants$52,963,083
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$565.8M · 5,120 accts · $18.4M emplr
2023$453.3M · 5,439 accts · $20.8M emplr
2022$300.9M · 5,241 accts · $17.3M emplr
The Spotify USA Inc. 401(k) match · 2024
Employer contribution per active participant$5,613
Median for plans this size$4,294
2024$5,613 per active participant
2023$5,053 per active participant
2022$4,046 per active participant

Spotify USA Inc.'s 2024 employer contribution ran above the $4,294 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 · 20244
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$295,873
VANGUARD ADVISERS INC. · Investment advisory (participants)$153,691
NEWFRONT RETIREMENT SERVICES INC · Consulting$79,612
CROWE LLP · Consulting$28,875

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$553,200 · 0.11%
2023$527,255 · 0.14%
2022$412,383 · 0.14%
Same employer
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Marcum Advisory Group, LLC NY$620.4M · 0.05%
The Segal Group, Inc. NY$590.8M · 0.01%
Skanska USA Inc. NY$575.7M · 0.06%
Marcum LLP NY$558.0M · 0.05%
Hazen and Sawyer, D.P.C. NY$549.5M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800555431 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.