401k Record

Employers › Backblaze

Backblaze 401(k)

Recordkeeping fees per participant · Backblaze, Inc. 401(k) Profit Sharing Plan and Trust · plan year 2024

$8.02

Higher than 7% of the 14,075 plans $10 to 50M that report it.

Source

= $3,905 / 487
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20260515163059NAL0018785058001, received 2026-05-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260515163059NAL0018785058001, received 2026-05-15

10th: $10.53median $83.9490th: $217.08

Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2026-05-15.

Cost and contributions

Administrative expenses excluding investment management, per participant

$8.02

10th: $15.36median $118.8890th: $340.63

Higher than 4% of the 24,371 plans $10 to 50M that report it.

Source

= $3,905 / 487
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20260515163059NAL0018785058001, received 2026-05-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260515163059NAL0018785058001, received 2026-05-15

Administrative expenses per participant

$8.02

10th: $26.86median $197.2590th: $456.10

Higher than 2% of the 25,098 plans $10 to 50M that report it.

Source

= $3,905 / 487
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260515163059NAL0018785058001, received 2026-05-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260515163059NAL0018785058001, received 2026-05-15

Administrative expenses as a share of assets

0.010%

10th: 0.035%median 0.289%90th: 0.599%

Higher than 3% of the 25,132 plans $10 to 50M that report it.

Source

= $3,905 / $39,301,734
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260515163059NAL0018785058001, received 2026-05-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20260515163059NAL0018785058001, received 2026-05-15

Employer contributions per participant

$4,141

10th: $664median $2,07490th: $4,751

Higher than 86% of the 24,050 plans $10 to 50M that report it.

Source

= $2,016,784 / 487
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260515163059NAL0018785058001, received 2026-05-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260515163059NAL0018785058001, received 2026-05-15

Employer share of total contributions

22.0%

10th: 13.1%median 27.9%90th: 45.2%

Higher than 30% of the 24,084 plans $10 to 50M that report it.

Source

= $2,016,784 / $9,174,879
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260515163059NAL0018785058001, received 2026-05-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20260515163059NAL0018785058001, received 2026-05-15

Plan terms, as stated in Backblaze, Inc.'s SEC filings

Plan terms are described in Backblaze, Inc.'s SEC filings: Form 10-K filed 2026-03-10. No term could be quoted from them with the required precision.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20260515163059NAL0018785058001, received 2026-05-15

Full record, Backblaze, Inc. 401(k) Profit Sharing Plan and Trust

FieldValueSource
Plan sponsorBACKBLAZE, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20260515163059NAL0018785058001, received 2026-05-15
Plan nameBACKBLAZE, INC. 401(K) PROFIT SHARING PLAN AND TRUSTForm 5500, line 1a; PLAN_NAME pos 16; filing 20260515163059NAL0018785058001, received 2026-05-15
Sponsor EIN / plan number20-8893125 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20260515163059NAL0018785058001, received 2026-05-15
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20260515163059NAL0018785058001, received 2026-05-15
Sponsor locationSAN MATEO, CAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20260515163059NAL0018785058001, received 2026-05-15
Industry (business code)812990, Other servicesForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20260515163059NAL0018785058001, received 2026-05-15
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20260515163059NAL0018785058001, received 2026-05-15
Filing received2026-05-15Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20260515163059NAL0018785058001, received 2026-05-15
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20260515163059NAL0018785058001, received 2026-05-15
Amended filingyesForm 5500, Part I line B; AMENDED_IND pos 7; filing 20260515163059NAL0018785058001, received 2026-05-15
Participants, beginning of year461Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20260515163059NAL0018785058001, received 2026-05-15
Active participants343Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20260515163059NAL0018785058001, received 2026-05-15
Participants, end of year491Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20260515163059NAL0018785058001, received 2026-05-15
Participants with an account balance487Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260515163059NAL0018785058001, received 2026-05-15
Total assets, beginning of year$27,530,177Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20260515163059NAL0018785058001, received 2026-05-15
Total assets, end of year$39,301,734Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20260515163059NAL0018785058001, received 2026-05-15
Net assets, end of year$39,301,734Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20260515163059NAL0018785058001, received 2026-05-15
Total income$13,988,550Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20260515163059NAL0018785058001, received 2026-05-15
Net income$11,771,557Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20260515163059NAL0018785058001, received 2026-05-15
Employer contributions$2,016,784Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260515163059NAL0018785058001, received 2026-05-15
Participant contributions$4,726,686Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20260515163059NAL0018785058001, received 2026-05-15
Other contributions (incl. rollovers)$2,431,409Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20260515163059NAL0018785058001, received 2026-05-15
Total contributions$9,174,879Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20260515163059NAL0018785058001, received 2026-05-15
Benefit payments$2,172,348Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20260515163059NAL0018785058001, received 2026-05-15
Total expenses (incl. benefit payments)$2,216,993Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20260515163059NAL0018785058001, received 2026-05-15
Total administrative expenses$3,905Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260515163059NAL0018785058001, received 2026-05-15
Recordkeeping fees$3,905Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20260515163059NAL0018785058001, received 2026-05-15
Administrative expenses excluding investment management$3,905derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20260515163059NAL0018785058001, received 2026-05-15
Held in mutual funds$38,945,565Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20260515163059NAL0018785058001, received 2026-05-15
Independent auditorAUDIT & TAX SOLUTIONS CPAS INCSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20260515163059NAL0018785058001, received 2026-05-15

Position = column in the DOL layout for form year 2024. Filing 20260515163059NAL0018785058001, received 2026-05-15.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
ADP, INC.recordkeeperRECORD KEEPER 37 Participant loan processing; 50 Direct payment from the plan; 15 Recordkeeping and information management; 64 Recordkeeping fees $3,905yes
ADP BROKER-DEALERrecordkeeperRECORD KEEPER 60 Sub-transfer agency fees; 59 Shareholder servicing fees $0yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20260515163059NAL0018785058001, received 2026-05-15.

What changed since the 2023 plan year

Figure20232024Change
Total assets$27,530,177$39,301,73442.8%
Participants with a balance4624875.4%
Administrative expenses$3,595$3,9058.6%
Recordkeeping fees per participant$7.78$8.023.0%
Employer contributions$1,885,401$2,016,7847.0%

Prior filing 20241013101233NAL0050318674001, received 2024-10-13; the plan years are contiguous.

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Sponsor name as filed: BACKBLAZE, INC.; SEC registrant: Backblaze, Inc. (CIK 1462056, matched by EIN; display name from the Form 10-K cover).