Plans » Benchmarking Engine
Benchmarking Gitlab Inc. 401(K) Plan in San Francisco, CA against
good (11)
neutral (9)
Of all the 2,317 plans that have 1,000 to 4,999 total participants, only Gitlab Inc. 401(K) Plan in San Francisco, CA has both such a high average participant cash contribution per active participant ($11,014) and such a low total administrative expense per participant ($0.00).
So, any other plan with as high an average participant cash contribution per active participant also has higher total administrative expense per participant. Likewise, any other plan with as low a total administrative expense per participant also has lower average participant cash contribution per active participant.
Note: average participant cash contribution per active participant =
cash contributions from participants ÷ active participants
Gitlab Inc. 401(K) Plan has these standings among those 2,317 peer plans:
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Gitlab Inc. 401(K) Plan has these standings among those 2,317 peer plans:
So, any other plan with as high an average participant cash contribution per active participant also has higher total administrative expense per participant. Likewise, any other plan with as low a total administrative expense per participant also has lower average participant cash contribution per active participant.
Note: average participant cash contribution per active participant =
cash contributions from participants ÷ active participants
Gitlab Inc. 401(K) Plan has these standings among those 2,317 peer plans:
- average participant cash contribution per active participant = $11,014 (26th-highest)
- cash contributions from participants = $11,994,635 (16th-most)
- active participants = 1,089 (980th-fewest, tied)
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Gitlab Inc. 401(K) Plan has these standings among those 2,317 peer plans:
- total administrative expense per participant = $0.00 (7th-lowest, tied)
- total administrative expenses = $0 (7th-lowest, tied)
- total participants = 1,500 (1,120th-most, tied)
- average participant cash contribution per active participant. Higher values are better. Average participant cash contribution per active participant equals cash contributions from participants, Line 2a(1)(B) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), Form 5500. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- total administrative expense per participant. Lower values are better. Total administrative expense per participant is a ratio that equals total administrative expenses (Line 2i(5), Schedule H) divided by total participants, i.e. the sum of active, retired, separated participants who are still living, and deceased participants whose beneficiaries receive or are entitled to benefits (Line 6f of Form 5500). To qualify for total administrative expense per participant, the number of total assets must be at least $50,000. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- total participants bracket. We partitioned total participants into eight brackets: 0-9, 10-24, 25-49, 50-99, 100-499, 500-999, 1000-4999, 5000-24999, and 25000 or more. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
Gitlab Inc. 401(K) Plan in San Francisco, CA is in San Francisco, CA, its EIN is 471861035, its industry group is Computer Systems Design and Related Services, its plan administrator is Dale Brown, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, is a single-employer plan, its business code is 541519, has 1,000 to 4,999 total participants, is better than the overall plan medians in each of total income, net income, participant loans as a percentage of plan assets, and yield on beginning-of-plan-year total assets (4 total), and is better than the overall participant averages in each of net income per total participant, active-participant contributions per head, and total administrative expense per participant.
Global References
Numeric values:
- total assets ($47,920,311)
- net assets (assets minus liabilities) ($47.90M)
- value of interest in registered investment companies (e.g., mutual funds) ($47.30M)
- total assets at beginning of plan year ($41,200,108)
- total contributions ($17,563,167)
- cash contributions from participants ($11,994,635)
- total income ($10,887,080)
- net income ($6,720,203)
- total expenses ($4,166,877)
- cash contributions from employers ($1,408,447)
- receivables participant contributions ($414,665)
- total noninterest-bearing cash ($196,578)
- average account balance ($31,947)
- receivables employer contributions ($21,473)
- average employer+participant cash contribution per active participant ($12,308)
- average participant cash contribution per active participant ($11,014)
- net income per total participant ($4,480)
- average employer cash contribution per active participant ($1,293)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- participant loans ($0)
- value of interest in common/collective trusts ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- corrective distributions ($0)
- professional fees ($0)
- contract administrator fees ($0)
- investment advisory and management fees ($0)
- other administrative expenses ($0)
- total administrative expenses ($0)
- asset transfers to the plan ($0)
- asset transfers from the plan ($0)
- total administrative expense per participant ($0.00)
- earnings on investments (-$6,300,008)
- net earnings on investments (-$6,300,008)
- percentage of active participants (72.6%)
- growth in total assets during the plan year (16.3%)
- diversity of asset types (2.5%)
- total cash as a percentage of plan assets (0.41%)
- participant loans as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- total administrative expense ratio (0.000%)
- yield on beginning-of-plan-year total assets (-15.29%)
- active participants (1,089)
- deceased participants whose beneficiaries receive or are entitled to benefits (1)
- living participants (1,499)
- other retired or separated participants entitled to future benefits (410)
- retired or separated participants receiving benefits (0)
- total participants (1,500)
Global References