Retirement plan

TWILIO 401(K) PLAN

Name: TWILIO INC. - TWILIO 401(K) PLAN (2021) Form 5500
Creator: TWILIO INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TWILIO 401(K) PLAN, TWILIO INC.

TWILIO INC.EIN 26-2574840Plan #001PY 2021

101 SPEAR STREET - SAN FRANCISCO, CA 94105415-799-3041twilio.comLinkedIn5001-10000 employeescomputer software

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$349.2M

-51.2% from 2016

Total participants

5,613

-26.3% from 2016

Average account balance

$64,253

-30.0% from 2016

Annual return

53.86%

-29.82 pp from 2016

Benchmarks

See 184 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants1,000-4,999

Cohort184 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$628.54M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

5,702

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.

98.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$84.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+19.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$61

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
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Service code 37 · EIN 04-2647786	Loan Processing	$478,715
THREE BELL CAPITAL LLC4 years Filed as: THREE BELL CAPITAL Service code 27 · EIN 45-3567626	Advisory (Plan)	$64,878

Plan features & details

Pension benefit codes2F2G2J2T3D3H

Plan features

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$544K

$116 / participant

Other / not subdivided$544K100.0%

% of EOY assets

0.156%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ARY ROEPCKE MULCHAEY, P.C.
Auditor EIN: 522370901
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,253

$108,617-40.8%

$108,421-40.7%

$93,010-30.9%

Participation rate

96.2%

83.1%+13.0pp

80.1%+16.0pp

73.9%+22.3pp

Annual return

53.86%

21.63%+32.2pp

905.61%-851.8pp

158.70%-104.8pp

Employer contribution / active EE

$3,642

$3,249+12.1%

$3,560+2.3%

$2,705+34.6%

Participant deferral / active EE

$13,357

$7,885+69.4%

$6,564+103.5%

$4,561+192.9%

Admin fee / account holder

$100

$94+6.9%

$7,298-98.6%

$152-34.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Service code 37 · EIN 04-2647786

Loan Processing

$478,715

THREE BELL CAPITAL LLC4 years

Filed as: THREE BELL CAPITAL

Service code 27 · EIN 45-3567626

Advisory (Plan)

$64,878

TWILIO 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TWILIO 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