Ripple Labs, Inc. 401(k) Review & Grade
Ripple Labs 401(k) Plan
San Francisco, CAInformation522 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,530Employer $ per active participant
$19,436Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$65.0MNet plan assets, end of year
$87,489Average balance per account
Score breakdown
- Employer generosity21.5 / 5043th percentile for employer $ per participant
- Low cost17.6 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 70th |
| Employee saving | 97th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,417,337 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $6,782 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ripple Labs put in about $2,530 per active participant, below the typical peer ($2,829). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,319,586 |
| Participant (employee) contributions | $10,135,947 |
| Other contributions (incl. rollovers in) | $2,864,707 |
| Administrative expenses paid from the plan | $65,506 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $40,000 |
| Benefits paid out | $5,577,011 |
| Net assets, start / end of year | $48.1M / $65.0M |
| Active participants, start / end of year | 539 / 504 |
| Participants with account balances | 743 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | BPM LLP |
Largest service providers (Schedule C)
| World Investment Advisors LLC | $40,000 reported compensation |
| BPM LLP | $21,133 reported compensation |
| Fidelity Investments Institutional | $4,373 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922151925NAL0007903378001, received 2025-09-22, EIN 46-1128587, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.