401k Record

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BlockFi 401(k)

Recordkeeping fees per participant · Blockfi 401(k) Plan · plan year 2024

$2,941.95

Higher than 95% of the 436 plans under $1M that report it.

Source

= $61,781 / 21
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251005122733NAL0004609280001, received 2025-10-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251005122733NAL0004609280001, received 2025-10-05

10th: $2.24median $26.1290th: $690.69

Percentiles compare this plan with the Schedule H plans under $1M 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 2025-10-05.

Cost and contributions

Administrative expenses excluding investment management, per participant

$2,941.95

10th: $3.71median $41.9890th: $1,362.89

Higher than 93% of the 769 plans under $1M that report it.

Source

= $61,781 / 21
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251005122733NAL0004609280001, received 2025-10-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251005122733NAL0004609280001, received 2025-10-05

Administrative expenses per participant

$2,941.95

10th: $2.91median $29.6190th: $625.17

Higher than 93% of the 1,011 plans under $1M that report it.

Source

= $61,781 / 21
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251005122733NAL0004609280001, received 2025-10-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251005122733NAL0004609280001, received 2025-10-05

Administrative expenses as a share of assets

199293.548%

10th: 0.174%median 1.108%90th: 34.707%

Higher than 100% of the 1,053 plans under $1M that report it.

Source

= $61,781 / $31
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251005122733NAL0004609280001, received 2025-10-05
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251005122733NAL0004609280001, received 2025-10-05

Employer contributions per participant

$1,090

10th: $106median $51690th: $2,493

Higher than 78% of the 605 plans under $1M that report it.

Source

= $22,884 / 21
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251005122733NAL0004609280001, received 2025-10-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251005122733NAL0004609280001, received 2025-10-05

Employer share of total contributions

5.2%

10th: 13.4%median 30.6%90th: 45.6%

Higher than 5% of the 625 plans under $1M that report it.

Source

= $22,884 / $440,222
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251005122733NAL0004609280001, received 2025-10-05
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251005122733NAL0004609280001, received 2025-10-05

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

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251005122733NAL0004609280001, received 2025-10-05

Full record, Blockfi 401(k) Plan

FieldValueSource
Plan sponsorBLOCKFI INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251005122733NAL0004609280001, received 2025-10-05
Plan nameBLOCKFI 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251005122733NAL0004609280001, received 2025-10-05
Sponsor EIN / plan number82-2390015 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251005122733NAL0004609280001, received 2025-10-05
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251005122733NAL0004609280001, received 2025-10-05
Sponsor locationNEW YORK, NYForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251005122733NAL0004609280001, received 2025-10-05
Industry (business code)523900, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251005122733NAL0004609280001, received 2025-10-05
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251005122733NAL0004609280001, received 2025-10-05
Filing received2025-10-05Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251005122733NAL0004609280001, received 2025-10-05
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251005122733NAL0004609280001, received 2025-10-05
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251005122733NAL0004609280001, received 2025-10-05
Participants, beginning of year280Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251005122733NAL0004609280001, received 2025-10-05
Active participants25Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251005122733NAL0004609280001, received 2025-10-05
Participants, end of year46Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251005122733NAL0004609280001, received 2025-10-05
Participants with an account balance21Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251005122733NAL0004609280001, received 2025-10-05
Total assets, beginning of year$8,179,009Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251005122733NAL0004609280001, received 2025-10-05
Total assets, end of year$31Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251005122733NAL0004609280001, received 2025-10-05
Net assets, end of year$31Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251005122733NAL0004609280001, received 2025-10-05
Total income$1,695,652Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251005122733NAL0004609280001, received 2025-10-05
Net income$-8,178,978Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251005122733NAL0004609280001, received 2025-10-05
Employer contributions$22,884Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251005122733NAL0004609280001, received 2025-10-05
Participant contributions$417,338Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251005122733NAL0004609280001, received 2025-10-05
Other contributions (incl. rollovers)$0Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251005122733NAL0004609280001, received 2025-10-05
Total contributions$440,222Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251005122733NAL0004609280001, received 2025-10-05
Benefit payments$9,812,849Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251005122733NAL0004609280001, received 2025-10-05
Total expenses (incl. benefit payments)$9,874,630Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251005122733NAL0004609280001, received 2025-10-05
Total administrative expenses$61,781Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251005122733NAL0004609280001, received 2025-10-05
Contract administrator fees$0Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251005122733NAL0004609280001, received 2025-10-05
Recordkeeping fees$61,781Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251005122733NAL0004609280001, received 2025-10-05
IQPA audit fees$0Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251005122733NAL0004609280001, received 2025-10-05
Investment advisory and management fees$0Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251005122733NAL0004609280001, received 2025-10-05
Administrative expenses excluding investment management$61,781derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251005122733NAL0004609280001, received 2025-10-05
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251005122733NAL0004609280001, received 2025-10-05
Held in common/collective trusts$0Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251005122733NAL0004609280001, received 2025-10-05
Held in mutual funds$31Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251005122733NAL0004609280001, received 2025-10-05
Independent auditorCOHNREZNICKSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251005122733NAL0004609280001, received 2025-10-05

Position = column in the DOL layout for form year 2024. Filing 20251005122733NAL0004609280001, received 2025-10-05.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
EMPOWER ANNUITY INSURANCE COMPANY OrecordkeeperRECORDKEEPER 64 Recordkeeping fees $61,531yes

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 20251005122733NAL0004609280001, received 2025-10-05.

What changed since the 2023 plan year

Figure20232024Change
Total assets$8,179,009$31-100.0%
Participants with a balance38021-94.5%
Administrative expenses$51,647$61,78119.6%
Recordkeeping fees per participant$135.37$2,941.952073.2%
Employer contributions$1,229$22,8841762.0%

Prior filing 20240922114622NAL0020808498001, received 2024-09-22; the plan years are contiguous.

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Sponsor name as filed: BLOCKFI INC.; SEC registrant: BlockFi Inc. (CIK 1726072, matched by EIN).