Plan Snapshot
- Plan Sponsor: Blend Labs, INC.
- Sponsor EIN: 455211045
- Sponsor Address: 415 KEARNY STREET, SAN FRANCISCO, CA, 94108
- Plan Type: 401(k)
- Total Participants: 473
- Total Assets: $71.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 473 | $71.0M | $2.0M | $6.5M |
| 2023 | 616 | $63.5M | $3.2M | $9.7M |
| 2022 | 1,213 | $49.8M | $5.0M | $13.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $47,706 | — | $47,706 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $12,335 | — | $12,335 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,041
- Estimated Expense Ratio: 0.085% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $58,284 | $12,335 | — | — | — |
| 2023 | $52,730 | $12,070 | — | — | — |
| 2022 | $60,884 | $11,379 | — | — | — |