Plan Snapshot
- Plan Sponsor: Lyft, INC.
- Sponsor EIN: 208809830
- Sponsor Address: 185 BERRY STREET, SAN FRANCISCO, CA, 94107
- Plan Type: 401(k)
- Total Participants: 2,193
- Total Assets: $375.3M
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 | 2,193 | $375.3M | $0 | $37.8M |
| 2023 | 2,148 | $320.4M | -$11,460 | $43.5M |
| 2022 | 3,559 | $264.5M | $30,226 | $60.4M |
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 | $344,337 | — | $344,337 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $49,665 | — | $49,665 |
| BLUE & CO., LLC | ACCOUNTANT/AUDITOR | $23,500 | — | $23,500 |
| NEWFRONT RETIREMENT SERVICES, INC. | INVESTMENT ADVISOR | $16,250 | — | $16,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- BLUE & CO., LLC — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $433,752
- Estimated Expense Ratio: 0.116% 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 | $428,972 | $65,915 | $1,500 | $23,500 | — |
| 2023 | $439,984 | $76,458 | $300 | $27,462 | — |
| 2022 | $436,646 | $39,351 | — | — | — |