Plan Ledger DOL Form 5500 · updated monthly

Udemy Inc.401(k)

UDEMY INC. RETIREMENT SAVINGS PLAN · SAN FRANCISCO, CA · plan year 2024

Employer contribution per participant · 2024
$5,001

Udemy Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $98,507,533 across 1,197 participant accounts, with employer contributions averaging $5,001 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.05% to 0.03%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,017th-largest of 9,483 plans among California employers on file, and the 1,531st of 11,654 in professional & technical services. In 2024, employees put in $3.59 for every $1.00 the employer contributed; active participation has shrunk from 1,079 to 791 since 2022.

Plan summary
Net assets, end of year$98,507,533
Participants with balances1,197
Active participants791
Employer contributions$3,955,981
Employee contributions$14,186,859
Employer contribution per active participant$5,001
Average account balance$82,295
Benefits paid to participants$7,294,759
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$98.5M · 1,197 accts · $4.0M emplr
2023$72.2M · 1,151 accts · $3.2M emplr
2022$44.1M · 1,167 accts · $351K emplr
The Udemy Inc. 401(k) match · 2024
Employer contribution per active participant$5,001
Median for plans this size$3,635
2024$5,001 per active participant
2023$3,654 per active participant
2022$325 per active participant

Udemy Inc.'s 2024 employer contribution ran above the $3,635 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.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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

Administrative cost history3
2024Not separately reported
2023$18,841 · 0.03%
2022$22,543 · 0.05%
Same employer
Similar plansProfessional & Technical Services · California
Figma, Inc. CA$100.9M · 0.25%
Alibaba.com U.S. LLC CA$100.1M · 0.18%
Lytx, Inc. CA$99.8M
Berry Appleman & Leiden LLP CA$99.1M · 0.00%
Ares Holding Corporation CA$98.3M · 0.11%
Tapestry Solutions, Inc CA$98.0M · 0.24%
Upstart Network, Inc. CA$97.9M · 0.10%
Mka International, Inc. CA$97.6M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271779864 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.