Retirement plan

TWILIO 401(K) PLAN

Name: TWILIO INC. - TWILIO 401(K) PLAN (2023) 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 2023

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$505.5M

-51.2% from 2016

Total participants

6,072

-26.3% from 2016

Average account balance

$83,868

-30.0% from 2016

Annual return

25.28%

-29.82 pp from 2016

Benchmarks

See 175 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants1,000-4,999

Cohort175 peers

Snapshot2023

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$225,383
THREE BELL CAPITAL LLC6 years Filed as: THREE BELL CAPITAL Service code 27 · EIN 45-3567626	Advisory (Plan)	$69,843
ARY ROEPCKE MULCHAEY, P.C.2 years Service code 10 · EIN 52-2370901	Accounting	$31,120

Plan features & details

Pension benefit codes2F2G2J2R2S2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$326K

$93 / participant

Recordkeeping$225K69.0%
Investment mgmt$70K21.4%
Other / not subdivided$31K9.5%

% of EOY assets

0.065%

all-in expense ratio

Categories reported

2 / 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: $29,450
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,868

$103,918-19.3%

$94,677-11.4%

$80,187+4.6%

Participation rate

98.7%

85.8%+12.9pp

80.8%+17.9pp

72.9%+25.8pp

Annual return

25.28%

27.77%-2.5pp

156.95%-131.7pp

40.40%-15.1pp

Employer contribution / active EE

$6,341

$3,539+79.2%

$3,673+72.6%

$2,980+112.8%

Participant deferral / active EE

$20,847

$9,528+118.8%

$7,418+181.0%

$5,016+315.6%

Admin fee / account holder

$54

$96-43.9%

$7,222-99.3%

$145-62.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$225,383

THREE BELL CAPITAL LLC6 years

Filed as: THREE BELL CAPITAL

Service code 27 · EIN 45-3567626

Advisory (Plan)

$69,843

ARY ROEPCKE MULCHAEY, P.C.2 years

Service code 10 · EIN 52-2370901

Accounting

$31,120

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