Retirement plan

KLAVIYO, INC. 401(K) PLAN

Name: KLAVIYO, INC. - KLAVIYO, INC. 401(K) PLAN (2024) Form 5500
Creator: KLAVIYO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KLAVIYO, INC. 401(K) PLAN, KLAVIYO, INC.

KLAVIYO, INC.EIN 46-0989964Plan #001PY 2024

125 SUMMER STREET, 6TH FLOOR - BOSTON, MA 02110339-832-4510klaviyo.comLinkedIn1001-5000 employeesmarketing and advertising

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$119.5M

+58.8% from 2023

Total participants

2,058

+19.1% from 2023

Average account balance

$59,367

+32.8% from 2023

Annual return

28.55%

-2.70 pp from 2023

Benchmarks

See 949 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort949 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$119.51M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

2,013

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$32.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+28.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$88

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
PRINCIPAL LIFE INSURANCE COMPANY5 years Service code 13 · EIN 42-0127290	Contract Administrator	$176,441
ASCENSUS LLC1 year Filed as: THE HILB GROUP OF NEW ENGLAND LLC Service code 49	Other Services	$22,073
ASCENSUS LLC2 years Filed as: THE HILB GROUP OF NEW ENGLAND, LLC Service code 49 · EIN 47-4324398	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3C3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$176K

$102 / participant

Contract admin$162K91.7%
Other / not subdivided$15K8.3%

% of EOY assets

0.148%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,367

$122,128-51.4%

$147,117-59.6%

$200,096-70.3%

Participation rate

97.4%

78.2%+19.2pp

82.2%+15.2pp

72.0%+25.4pp

Annual return

28.55%

30.58%-2.0pp

420.54%-392.0pp

34.26%-5.7pp

Employer contribution / active EE

$5,938

$4,093+45.1%

$4,932+20.4%

$3,038+95.5%

Participant deferral / active EE

$13,028

$8,484+53.6%

$8,065+61.6%

$5,090+156.0%

Admin fee / account holder

$88

$180-51.2%

$12,993-99.3%

$269-67.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY5 years

Service code 13 · EIN 42-0127290

Contract Administrator

$176,441

ASCENSUS LLC1 year

Filed as: THE HILB GROUP OF NEW ENGLAND LLC

Service code 49

Other Services

$22,073

ASCENSUS LLC2 years

Filed as: THE HILB GROUP OF NEW ENGLAND, LLC

Service code 49 · EIN 47-4324398

Other Services

KLAVIYO, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KLAVIYO, INC. 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