401k Record

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Figure Technologies 401(k)

Recordkeeping fees per participant · Figure 401(k) Plan · plan year 2023

$39.17

Higher than 36% of the 13,318 plans $10 to 50M that report it.

Source

= $20,370 / 520
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20240926103528NAL0000956960001, received 2024-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240926103528NAL0000956960001, received 2024-09-26

10th: $8.38median $71.1390th: $189.70

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 2023-01-01 to 2023-12-31, filing received 2024-09-26.

Cost and contributions

Administrative expenses excluding investment management, per participant

$39.17

10th: $12.50median $105.8490th: $309.83

Higher than 25% of the 23,494 plans $10 to 50M that report it.

Source

= $20,370 / 520
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20240926103528NAL0000956960001, received 2024-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240926103528NAL0000956960001, received 2024-09-26

Administrative expenses per participant

$88.84

10th: $21.83median $171.6490th: $417.48

Higher than 28% of the 24,286 plans $10 to 50M that report it.

Source

= $46,195 / 520
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20240926103528NAL0000956960001, received 2024-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240926103528NAL0000956960001, received 2024-09-26

Administrative expenses as a share of assets

0.236%

10th: 0.029%median 0.269%90th: 0.572%

Higher than 44% of the 24,321 plans $10 to 50M that report it.

Source

= $46,195 / $19,570,491
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20240926103528NAL0000956960001, received 2024-09-26
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20240926103528NAL0000956960001, received 2024-09-26

Employer contributions per participant

$0

Fewer than 50 comparable plans report this figure; no percentile.

Source

= $0 / 520
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20240926103528NAL0000956960001, received 2024-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240926103528NAL0000956960001, received 2024-09-26

Employer share of total contributions

0.0%

Fewer than 50 comparable plans report this figure; no percentile.

Source

= $0 / $5,339,995
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20240926103528NAL0000956960001, received 2024-09-26
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20240926103528NAL0000956960001, received 2024-09-26

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

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2J 401(k) feature · 2F ERISA 404(c) plan · 2G fully participant-directed · 3H controlled-group sponsor · 2T default investment (QDIA) · 2K 401(m) arrangement · 2S pre-approved plan document · 3D IRS pre-approved plan · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20240926103528NAL0000956960001, received 2024-09-26

Full record, Figure 401(k) Plan

FieldValueSource
Plan sponsorFIGURE TECHNOLOGIES, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20240926103528NAL0000956960001, received 2024-09-26
Plan nameFIGURE 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20240926103528NAL0000956960001, received 2024-09-26
Sponsor EIN / plan number82-3999124 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20240926103528NAL0000956960001, received 2024-09-26
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20240926103528NAL0000956960001, received 2024-09-26
Sponsor locationSAN FRANCISCO, CAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20240926103528NAL0000956960001, received 2024-09-26
Industry (business code)522291, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20240926103528NAL0000956960001, received 2024-09-26
Plan year2023-01-01 to 2023-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20240926103528NAL0000956960001, received 2024-09-26
Filing received2024-09-26Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20240926103528NAL0000956960001, received 2024-09-26
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20240926103528NAL0000956960001, received 2024-09-26
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20240926103528NAL0000956960001, received 2024-09-26
Participants, beginning of year640Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20240926103528NAL0000956960001, received 2024-09-26
Active participants439Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20240926103528NAL0000956960001, received 2024-09-26
Participants, end of year592Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20240926103528NAL0000956960001, received 2024-09-26
Participants with an account balance520Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240926103528NAL0000956960001, received 2024-09-26
Total assets, beginning of year$13,239,366Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20240926103528NAL0000956960001, received 2024-09-26
Total assets, end of year$19,570,491Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20240926103528NAL0000956960001, received 2024-09-26
Net assets, end of year$19,570,491Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20240926103528NAL0000956960001, received 2024-09-26
Total income$8,557,672Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20240926103528NAL0000956960001, received 2024-09-26
Net income$6,331,125Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20240926103528NAL0000956960001, received 2024-09-26
Employer contributions$0Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20240926103528NAL0000956960001, received 2024-09-26
Participant contributions$4,815,244Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20240926103528NAL0000956960001, received 2024-09-26
Other contributions (incl. rollovers)$524,751Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20240926103528NAL0000956960001, received 2024-09-26
Total contributions$5,339,995Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20240926103528NAL0000956960001, received 2024-09-26
Benefit payments$2,180,352Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20240926103528NAL0000956960001, received 2024-09-26
Total expenses (incl. benefit payments)$2,226,547Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20240926103528NAL0000956960001, received 2024-09-26
Total administrative expenses$46,195Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20240926103528NAL0000956960001, received 2024-09-26
Contract administrator fees$0Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20240926103528NAL0000956960001, received 2024-09-26
Recordkeeping fees$20,370Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20240926103528NAL0000956960001, received 2024-09-26
IQPA audit fees$0Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20240926103528NAL0000956960001, received 2024-09-26
Investment advisory and management fees$25,825Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20240926103528NAL0000956960001, received 2024-09-26
Administrative expenses excluding investment management$20,370derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20240926103528NAL0000956960001, received 2024-09-26
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20240926103528NAL0000956960001, received 2024-09-26
Held in common/collective trusts$39,740Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20240926103528NAL0000956960001, received 2024-09-26
Held in mutual funds$18,919,260Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20240926103528NAL0000956960001, received 2024-09-26
Independent auditorFRANK, RIMERMAN & CO., LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20240926103528NAL0000956960001, received 2024-09-26

Position = column in the DOL layout for form year 2023. Filing 20240926103528NAL0000956960001, received 2024-09-26.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
PRECEPT ADVISORY GROUPADVISOR 27 Investment advisory (plan) $21,922no
FIDELITY INVESTMENTS INSTITUTIONALrecordkeeperRECORDKEEPER 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees $20,370yes

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 20240926103528NAL0000956960001, received 2024-09-26.

No filing for the previous plan year is in the data, so there is no year-over-year comparison.

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Sponsor name as filed: FIGURE MARKETS HOLDINGS, INC.; SEC registrant: Figure Technologies, Inc. (CIK 1742847, matched by EIN).