Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Upgrade
Upgrade 401(k)
- Finance and insurance
- San Francisco, CA
- EIN 81-2807376
- 1 plan with Schedule H financials
- Plan year 2024
- Upgrade, Inc.
- filed as Upgrade Inc.
Administrative expenses excluding investment management, per participant · Upgrade Inc. 401(k) Plan · plan year 2024
$59.90
Higher than 29% of the 8,758 plans $50 to 250M that report it.
Source
= $117,460 / 1,961
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009135129NAL0006670481001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009135129NAL0006670481001, received 2025-10-09
Percentiles compare this plan with the Schedule H plans $50 to 250M 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 2025-10-09.
Cost and contributions
Administrative expenses per participant
$59.90
Higher than 20% of the 9,042 plans $50 to 250M that report it.
Source
= $117,460 / 1,961
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009135129NAL0006670481001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009135129NAL0006670481001, received 2025-10-09
Administrative expenses as a share of assets
0.215%
Higher than 73% of the 9,049 plans $50 to 250M that report it.
Source
= $117,460 / $54,530,578
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009135129NAL0006670481001, received 2025-10-09
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009135129NAL0006670481001, received 2025-10-09
Employer contributions per participant
$2,682
Higher than 49% of the 9,105 plans $50 to 250M that report it.
Source
= $5,259,841 / 1,961
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009135129NAL0006670481001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009135129NAL0006670481001, received 2025-10-09
Employer share of total contributions
33.0%
Higher than 61% of the 9,112 plans $50 to 250M that report it.
Source
= $5,259,841 / $15,958,202
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009135129NAL0006670481001, received 2025-10-09
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009135129NAL0006670481001, received 2025-10-09
Plan terms, as stated in Upgrade, Inc.'s SEC filings
Plan terms are not published in public filings.
Plan features
2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251009135129NAL0006670481001, received 2025-10-09
Full record, Upgrade Inc. 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | UPGRADE INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Plan name | UPGRADE INC. 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Sponsor EIN / plan number | 81-2807376 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Sponsor location | SAN FRANCISCO, CA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Industry (business code) | 522120, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Filing received | 2025-10-09 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Participants, beginning of year | 1,452 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Active participants | 1,537 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Participants, end of year | 2,078 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Participants with an account balance | 1,961 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Total assets, beginning of year | $28,781,312 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Total assets, end of year | $54,530,578 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Net assets, end of year | $54,530,578 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Total income | $21,658,788 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Net income | $17,579,335 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Employer contributions | $5,259,841 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Participant contributions | $9,711,373 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Other contributions (incl. rollovers) | $986,988 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Total contributions | $15,958,202 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Benefit payments | $3,958,965 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Total expenses (incl. benefit payments) | $4,079,453 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Total administrative expenses | $117,460 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Administrative expenses excluding investment management | $117,460 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Held in common/collective trusts | $287,587 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Held in mutual funds | $53,592,943 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251009135129NAL0006670481001, received 2025-10-09 |
| Independent auditor | PENSION ASSURANCE LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251009135129NAL0006670481001, received 2025-10-09 |
Position = column in the DOL layout for form year 2024. Filing 20251009135129NAL0006670481001, received 2025-10-09.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| T. ROWE PRICE RPS, INC.recordkeeper | NONE | 15 Recordkeeping and information management; 21 Trustee (bank, trust company or similar); 25 Trustee (directed); 28 Investment management; 37 Participant loan processing; 38 Participant communication; 49 Other services; 50 Direct payment from the plan; 52 Investment management fees paid indirectly by plan; 57 Redemption fees; 59 Shareholder servicing fees; 62 Float revenue; 63 Distribution (12b-1) fees; 64 Recordkeeping fees; 65 Account maintenance fees | $117,460 | yes |
| ALLSPRING SPECIAL SMALL-CAP VAL R | NONE | 28 Investment management; 59 Shareholder servicing fees | $0 | yes |
| JP MORGAN FUNDS | NONE | 28 Investment management; 59 Shareholder servicing fees | $0 | yes |
| BLACKROCK FUNDS | NONE | 28 Investment management; 59 Shareholder servicing fees | $0 | yes |
| FIDELITY | NONE | 28 Investment management; 59 Shareholder servicing fees | $0 | yes |
| PRINCIPAL FUND | NONE | 28 Investment management; 59 Shareholder servicing fees | $0 | yes |
| VANGUARD GROUP | NONE | 28 Investment management; 59 Shareholder servicing fees | $0 | yes |
| MFS FUNDS | NONE | 28 Investment management; 59 Shareholder servicing fees | $0 | yes |
| EUROPACIFIC GROWTH FUND | NONE | 28 Investment management; 59 Shareholder servicing fees | $0 | yes |
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 20251009135129NAL0006670481001, received 2025-10-09.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $28,781,312 | $54,530,578 | 89.5% |
| Participants with a balance | 1,370 | 1,961 | 43.1% |
| Administrative expenses | $54,420 | $117,460 | 115.8% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $3,754,296 | $5,259,841 | 40.1% |
Prior filing 20250307180647NAL0012241249001, received 2025-03-07; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: UPGRADE INC.; SEC registrant: Upgrade, Inc. (CIK 1720270, matched by EIN).