Plan Snapshot
- Plan Sponsor: Prosper Marketplace, INC.
- Sponsor EIN: 731733867
- Sponsor Address: 221 MAIN STREET, SAN FRANCISCO, CA, 94105
- Plan Type: 401(k)
- Total Participants: 410
- Total Assets: $61.2M
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 | 410 | $61.2M | $274,488 | $4.2M |
| 2023 | 398 | $53.7M | $2.9M | $4.9M |
| 2022 | 465 | $40.4M | $2.7M | $4.3M |
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 |
|---|---|---|---|---|
| PORTICO WEALTH ADVISORS, LLC | INVESTMENT/FINANCIAL ADVI | $73,596 | — | $73,596 |
| ADP, INC. | RECORD KEEPER | $22,433 | — | $22,433 |
| MILLER KAPLAN ARASE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- MILLER KAPLAN ARASE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,029
- Estimated Expense Ratio: 0.157% 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 | $96,029 | $73,596 | — | — | — |
| 2023 | $76,782 | $65,166 | — | — | — |
| 2022 | $70,401 | — | — | — | — |