Plan Ledger DOL Form 5500 · updated monthly

Thredup Inc.401(k)

THREDUP 401(K) PLAN · OAKLAND, CA · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Thredup Inc. reported $67,250 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $0 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 0.64% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 3,831st-largest of 9,483 plans among California employers on file, and the 1,576th of 5,215 in retail trade. active participation has shrunk from 1,308 to 1,164 since 2022.

Plan summary
Net assets, end of year$18,544,520
Participants with balances1,537
Active participants1,164
Employer contributions$0
Employee contributions$3,840,594
Employer contribution per active participant$0
Average account balance$12,065
Benefits paid to participants$2,978,071
Plan auditUnmodified (clean) audit opinion
AuditorBPM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$18.5M · 1,537 accts
2023$15.3M · 1,533 accts · $1K emplr
2022$10.2M · 1,336 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,287
Investment management$40,963
Total administrative$67,250
The Thredup Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Thredup Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
MMA SECURITIES · Investment advisory (plan)$39,845
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$26,287

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$67,250 · 0.40%
2023$97,940 · 0.77%
2022$61,330 · 0.64%
Same employer
Similar plansRetail Trade · California
Majco LLC CA$19.2M · 0.45%
Weee Inc. CA$18.2M · 0.11%
Knight Holdings, Inc. CA$18.2M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264009181 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.