Upstart Network, Inc. 401(k) Review & Grade
Upstart Network, Inc. 401(k) Plan
San Mateo, CAProfessional, Scientific & Technical Services1,278 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,829Employer $ per active participant
$13,372Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$97.9MNet plan assets, end of year
$66,427Average balance per account
Score breakdown
- Employer generosity31.0 / 5062th percentile for employer $ per participant
- Low cost18.3 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1582th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 73th |
| Employee saving | 82th |
| Peers that auto-enroll | 48% |
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
Corrective distributions: the plan refunded $17,516 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Upstart Network put in about $3,829 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $4,894,076 |
| Participant (employee) contributions | $17,089,213 |
| Other contributions (incl. rollovers in) | $4,674,040 |
| Administrative expenses paid from the plan | $85,277 |
| Investment advisory & management fees | $53,807 |
| Benefits paid out | $8,588,028 |
| Net assets, start / end of year | $68.0M / $97.9M |
| Active participants, start / end of year | 1,377 / 1,179 |
| Participants with account balances | 1,474 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $85,352 reported compensation |
| Charles Schwab & Co.,inc. | $23 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250908110414NAL0019359569001, received 2025-09-08, EIN 45-4660612, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.