Plan Snapshot
- Plan Sponsor: Databricks, INC.
- Sponsor EIN: 462972184
- Sponsor Address: 160 SPEAR ST FL 13, SAN FRANCISCO, CA, 941051546
- Plan Type: 401(k)
- Total Participants: 4,704
- Total Assets: $418.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 4,704 | $418.9M | $0 | $105.5M |
| 2023 | 4,115 | $261.6M | $0 | $78.5M |
| 2022 | 3,299 | $138.6M | $16,771 | $53.4M |
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 | $271,136 | — | $271,136 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $69,106 | — | $69,106 |
| SAGEVIEW ADVISORY GROUP, LLC | INVESTMENT ADVISOR | $9,392 | — | $9,392 |
| 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
- SAGEVIEW ADVISORY GROUP, LLC — INVESTMENT 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: $349,634
- Estimated Expense Ratio: 0.083% 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 | $349,635 | $69,106 | $300 | — | — |
| 2023 | $287,882 | $34,233 | — | — | — |
| 2022 | $174,949 | $11,679 | — | — | — |