Plan Ledger DOL Form 5500 · updated monthly

Swiftly, Inc401(k)

SWIFTLY 401(K) PLAN. · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Swiftly, Inc reported $13,639 in plan administrative expenses for 2024: 0.21% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,787 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 0.03% to 0.21%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in California (6,220th of 9,483), and 1,690th of 2,199 in information & media. In 2024, employees put in $2.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,388,097
Participants with balances109
Active participants76
Employer contributions$439,825
Employee contributions$970,688
Employer contribution per active participant$5,787
Average account balance$67,781
Benefits paid to participants$507,361
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$7.4M · 109 accts · $440K emplr
2023$5.6M · 100 accts · $426K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$894
Investment management$12,745
Total administrative$13,639
The Swiftly, Inc 401(k) match · 2024
Employer contribution per active participant$5,787
Median for plans this size$1,313
2024$5,787 per active participant
2023$6,660 per active participant

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

Service providers · 20243
PENSIONMARK FINANCIAL GROUP, LLC · Recordkeeping · Trustee$12,745
ADP, INC. · Recordkeeping$894
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, PENSIONMARK FINANCIAL GROUP, LLC
2023ADP, PENSIONMARK FINANCIAL GROUP, LLC

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Administrative cost history2
2024$13,639 · 0.21%
2023$1,449 · 0.03%
Similar plansInformation & Media · California
Mediaco Operations LLC CA$7.6M · 0.05%
Estrella Media, Inc. CA$7.6M · 0.05%
Teutonic Holdings, LLC CA$7.4M · 0.07%
Agm California Inc CA$7.4M · 0.15%
Health Data Vision, Inc. CA$7.3M · 0.24%
Whip Networks, Inc. CA$7.1M · 0.03%
Nile Global, Inc CA$7.1M · 0.10%
Autofi, Inc. CA$7.1M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465294828 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.