Plan Ledger DOL Form 5500 · updated monthly

Upstart Network, Inc.401(k)

UPSTART NETWORK, INC. 401(K) PLAN · SAN MATEO, CA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Upstart Network, Inc. reported $85,277 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $4,151 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 rose from 0.08% to 0.10%. 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 1,022nd-largest of 9,483 plans among California employers on file, and the 1,546th of 11,654 in professional & technical services. In 2024, employees put in $3.49 for every $1.00 the employer contributed; active participation has shrunk from 1,860 to 1,179 since 2022.

Plan summary
Net assets, end of year$97,913,593
Participants with balances1,474
Active participants1,179
Employer contributions$4,894,076
Employee contributions$17,089,213
Employer contribution per active participant$4,151
Average account balance$66,427
Benefits paid to participants$8,588,028
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$97.9M · 1,474 accts · $4.9M emplr
2023$68.0M · 1,482 accts · $5.3M emplr
2022$39.9M · 1,534 accts · $5.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,470
Investment management$53,807
Total administrative$85,277
The Upstart Network, Inc. 401(k) match · 2024
Employer contribution per active participant$4,151
Median for plans this size$3,635
2024$4,151 per active participant
2023$3,830 per active participant
2022$3,098 per active participant

Upstart Network, 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.

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
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$85,352
CHARLES SCHWAB & CO.,INC. · Securities brokerage$23

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$85,277 · 0.10%
2023$57,422 · 0.11%
2022$22,266 · 0.08%
Same employer
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Udemy Inc. CA$98.5M
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Tapestry Solutions, Inc CA$98.0M · 0.24%
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Source: U.S. Department of Labor, Form 5500 series, EIN 454660612 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.