401k Record

Employers › Upstart Funding II

Upstart Funding II 401(k)

Recordkeeping fees per participant · Upstart Network, Inc. 401(k) Plan · plan year 2024

$21.35

Higher than 19% of the 5,847 plans $50 to 250M that report it.

Source

= $31,470 / 1,474
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250908110414NAL0019359569001, received 2025-09-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250908110414NAL0019359569001, received 2025-09-08

10th: $10.22median $69.9190th: $151.08

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 2025-09-08.

Cost and contributions

Administrative expenses excluding investment management, per participant

$21.35

10th: $16.21median $93.2090th: $246.84

Higher than 12% of the 8,758 plans $50 to 250M that report it.

Source

= $31,470 / 1,474
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250908110414NAL0019359569001, received 2025-09-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250908110414NAL0019359569001, received 2025-09-08

Administrative expenses per participant

$57.85

10th: $29.39median $132.8490th: $350.58

Higher than 19% of the 9,042 plans $50 to 250M that report it.

Source

= $85,277 / 1,474
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250908110414NAL0019359569001, received 2025-09-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250908110414NAL0019359569001, received 2025-09-08

Administrative expenses as a share of assets

0.087%

10th: 0.022%median 0.136%90th: 0.326%

Higher than 33% of the 9,049 plans $50 to 250M that report it.

Source

= $85,277 / $97,913,593
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250908110414NAL0019359569001, received 2025-09-08
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250908110414NAL0019359569001, received 2025-09-08

Employer contributions per participant

$3,320

10th: $965median $2,73890th: $8,164

Higher than 60% of the 9,105 plans $50 to 250M that report it.

Source

= $4,894,076 / 1,474
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250908110414NAL0019359569001, received 2025-09-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250908110414NAL0019359569001, received 2025-09-08

Employer share of total contributions

18.4%

10th: 15.6%median 29.5%90th: 50.6%

Higher than 14% of the 9,112 plans $50 to 250M that report it.

Source

= $4,894,076 / $26,657,329
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250908110414NAL0019359569001, received 2025-09-08
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250908110414NAL0019359569001, received 2025-09-08

Plan terms, as stated in Upstart Funding II, LLC's SEC filings

Plan terms are not published in public filings.

Plan features

2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250908110414NAL0019359569001, received 2025-09-08

Full record, Upstart Network, Inc. 401(k) Plan

FieldValueSource
Plan sponsorUPSTART NETWORK, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250908110414NAL0019359569001, received 2025-09-08
Plan nameUPSTART NETWORK, INC. 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20250908110414NAL0019359569001, received 2025-09-08
Sponsor EIN / plan number45-4660612 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250908110414NAL0019359569001, received 2025-09-08
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250908110414NAL0019359569001, received 2025-09-08
Sponsor locationSAN MATEO, CAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250908110414NAL0019359569001, received 2025-09-08
Industry (business code)541519, Professional, scientific, and technical servicesForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250908110414NAL0019359569001, received 2025-09-08
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250908110414NAL0019359569001, received 2025-09-08
Filing received2025-09-08Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250908110414NAL0019359569001, received 2025-09-08
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250908110414NAL0019359569001, received 2025-09-08
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250908110414NAL0019359569001, received 2025-09-08
Participants, beginning of year1,778Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250908110414NAL0019359569001, received 2025-09-08
Active participants1,179Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250908110414NAL0019359569001, received 2025-09-08
Participants, end of year1,666Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250908110414NAL0019359569001, received 2025-09-08
Participants with an account balance1,474Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250908110414NAL0019359569001, received 2025-09-08
Total assets, beginning of year$67,976,498Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250908110414NAL0019359569001, received 2025-09-08
Total assets, end of year$97,913,593Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250908110414NAL0019359569001, received 2025-09-08
Net assets, end of year$97,913,593Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250908110414NAL0019359569001, received 2025-09-08
Total income$38,627,916Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250908110414NAL0019359569001, received 2025-09-08
Net income$29,937,095Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250908110414NAL0019359569001, received 2025-09-08
Employer contributions$4,894,076Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250908110414NAL0019359569001, received 2025-09-08
Participant contributions$17,089,213Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250908110414NAL0019359569001, received 2025-09-08
Other contributions (incl. rollovers)$4,674,040Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250908110414NAL0019359569001, received 2025-09-08
Total contributions$26,657,329Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250908110414NAL0019359569001, received 2025-09-08
Benefit payments$8,588,028Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250908110414NAL0019359569001, received 2025-09-08
Total expenses (incl. benefit payments)$8,690,821Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250908110414NAL0019359569001, received 2025-09-08
Total administrative expenses$85,277Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250908110414NAL0019359569001, received 2025-09-08
Recordkeeping fees$31,470Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250908110414NAL0019359569001, received 2025-09-08
Investment advisory and management fees$53,807Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250908110414NAL0019359569001, received 2025-09-08
Administrative expenses excluding investment management$31,470derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250908110414NAL0019359569001, received 2025-09-08
Held in common/collective trusts$1,252,501Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250908110414NAL0019359569001, received 2025-09-08
Held in mutual funds$92,169,260Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250908110414NAL0019359569001, received 2025-09-08
Independent auditorCROWE LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250908110414NAL0019359569001, received 2025-09-08

Position = column in the DOL layout for form year 2024. Filing 20250908110414NAL0019359569001, received 2025-09-08.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
SCHWAB RETIREMENT PLAN SERVICES,INCrecordkeeperNONE 15 Recordkeeping and information management; 26 Investment advisory (participants); 50 Direct payment from the plan; 64 Recordkeeping fees $85,352no
CHARLES SCHWAB & CO.,INC.NONE 33 Securities brokerage; 50 Direct payment from the plan; 62 Float revenue; 71 Securities brokerage commissions and fees $23yes

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 20250908110414NAL0019359569001, received 2025-09-08.

What changed since the 2023 plan year

Figure20232024Change
Total assets$67,976,498$97,913,59344.0%
Participants with a balance1,4821,474-0.5%
Administrative expenses$57,422$85,27748.5%
Recordkeeping fees per participant$18.04$21.3518.4%
Employer contributions$5,250,788$4,894,076-6.8%

Prior filing 20240820152255NAL0002744993002, received 2024-08-20; the plan years are contiguous.

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Sponsor name as filed: UPSTART NETWORK, INC.; SEC registrant: Upstart Funding II, LLC (CIK 1721221, matched by EIN).