Plan Ledger DOL Form 5500 · updated monthly

Switchfly LLC401(k)

SWITCHFLY LLC 401(K) PROFIT SHARING PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Switchfly LLC reported $37,869 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $3,741 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 0.35% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (4,900th of 9,483), and 7,274th of 11,654 in professional & technical services. In 2024, employees put in $3.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,377,484
Participants with balances138
Active participants87
Employer contributions$325,501
Employee contributions$1,049,782
Employer contribution per active participant$3,741
Average account balance$89,692
Benefits paid to participants$1,159,356
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.4M · 138 accts · $326K emplr
2023$10.5M · 139 accts · $334K emplr
2022$8.2M · 142 accts · $271K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,413
Investment management$26,456
Total administrative$37,869
The Switchfly LLC 401(k) match · 2024
Employer contribution per active participant$3,741
Median for plans this size$2,416
2024$3,741 per active participant
2023$3,673 per active participant
2022$3,228 per active participant

Switchfly LLC's 2024 employer contribution ran above the $2,416 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
WORLD INVESTMENT ADVISORS LLC · Investment advisory (plan)$26,456
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$11,413

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$37,869 · 0.33%
2023$31,005 · 0.33%
2022$31,664 · 0.35%
Similar plansProfessional & Technical Services · California
Shamir Insight, Inc. CA$12.4M · 0.46%
Monoprice, Inc. CA$12.4M · 0.54%
Pereira & O'Dell LLC CA$12.4M · 0.67%
Arcellx, Inc. CA$12.4M · 0.33%
Zealth, Inc. CA$12.4M · 0.01%
Agilitech CA$12.4M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 680514071 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.