Plan Snapshot
- Plan Sponsor: Soundcloud, INC.
- Sponsor EIN: 452038370
- Sponsor Address: 2 GANSEVOORT ST 6TH FLOOR, NEW YORK, NY, 10014
- Plan Type: 401(k)
- Total Participants: 192
- Total Assets: $11.3M
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 | 192 | $11.3M | $763,390 | $1.6M |
| 2023 | 168 | $8.9M | $818,806 | $1.4M |
| 2022 | 186 | $6.1M | $639,346 | $1.3M |
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 |
|---|---|---|---|---|
| LEE CPA AUDIT GROUP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEE CPA AUDIT GROUP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $51,754 | $3,805 | — | — | — |
| 2023 | $57,300 | $38,864 | — | — | — |
| 2022 | $21,457 | — | $21,457 | — | — |