Retirement plan

DROPBOX 401(K) PLAN

Name: DROPBOX, INC. - DROPBOX 401(K) PLAN (2016) Form 5500
Creator: DROPBOX, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DROPBOX 401(K) PLAN, DROPBOX, INC.

DROPBOX, INC.EIN 26-0138832Plan #001PY 2016

333 BRANNAN ST - SAN FRANCISCO, CA 94107415-857-6934dropbox.comLinkedIn1001-5000 employeescomputer software

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$54.2M

-39.9% from 2016

Total participants

1,819

-16.4% from 2016

Average account balance

$30,255

-26.0% from 2016

Annual return

22.29%

-15.13 pp from 2016

Benchmarks

See 183 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants1,000-4,999

Cohort183 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$541.56M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$124K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

4,366

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$67.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$39K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.03%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$42

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC2+ years Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 1850 GATEWAY DRIVE · SAN MATEO, CA 94404	Advisory (Plan)	$32,638
THE VANGUARD GROUP, INC.2+ years Service code 15 · EIN 23-1945930	Recordkeeping	$12,745

Plan features & details

Pension benefit codes2E2F2G2S2T2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$42K

$31 / participant

Other / not subdivided$42K100.0%

% of EOY assets

0.078%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MOSSADAMS
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,255

$70,106-56.8%

$80,977-62.6%

$63,975-52.7%

Participation rate

97.9%

79.4%+18.5pp

75.8%+22.1pp

71.1%+26.7pp

Annual return

22.29%

13.93%+8.4pp

17.11%+5.2pp

48.65%-26.4pp

Employer contribution / active EE

$3,135

$2,042+53.5%

$3,715-15.6%

$2,182+43.7%

Participant deferral / active EE

$9,692

$5,245+84.8%

$5,696+70.1%

$3,356+188.7%

Admin fee / account holder

$23

$57-58.8%

$5,517-99.6%

$70-66.6%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC2+ years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 27

1850 GATEWAY DRIVE · SAN MATEO, CA 94404

Advisory (Plan)

$32,638

THE VANGUARD GROUP, INC.2+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$12,745

DROPBOX 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DROPBOX 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion