Retirement plan

HIGHSPOT, INC. 401(K) PLAN

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

HIGHSPOT, INC.EIN 46-5072122Plan #001PY 2024

2211 ELLIOTT AVE, SUITE 400 - SEATTLE, WA 98121206-535-2855highspot.comLinkedIn1001-5000 employeescomputer software

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$55.9M

+15.5% from 2023

Total participants

907

-11.9% from 2023

Average account balance

$62,620

+31.8% from 2023

Annual return

17.57%

-11.93 pp from 2023

Benchmarks

See 612 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort612 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$55.92M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

893

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+17.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$98

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 60 · EIN 04-2647786	Sub-TA Fees	$43,077
CLARK NUBER1 year Filed as: CLARK NUBER PS Service code 10 · EIN 91-1194016	Accounting	$20,400
USI CONSULTING GROUP1 year Filed as: USI ADVISORS, INC. Service code 27 · EIN 06-1397347	Advisory (Plan)	$15,682
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$8,157

Plan features & details

Pension benefit codes2E2J2K2F2G2S2T3D

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.
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

$87K

$184 / participant

Recordkeeping$43K49.3%
Investment mgmt$24K27.3%
Other / not subdivided$20K23.4%

% of EOY assets

0.156%

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: CLARK NUBER, P.S.
Auditor EIN: 911194016
Audit fees: $20,400
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,620

$90,003-30.4%

$100,398-37.6%

$77,692-19.4%

Participation rate

97.1%

81.3%+15.7pp

81.5%+15.5pp

70.6%+26.5pp

Annual return

17.57%

20.61%-3.0pp

49.32%-31.8pp

31.25%-13.7pp

Employer contribution / active EE

$3,869

$3,043+27.1%

$3,946-1.9%

$2,726+41.9%

Participant deferral / active EE

$17,646

$8,287+112.9%

$8,084+118.3%

$4,648+279.6%

Admin fee / account holder

$98

$172-43.1%

$7,893-98.8%

$431-77.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$43,077

CLARK NUBER1 year

Filed as: CLARK NUBER PS

Service code 10 · EIN 91-1194016

Accounting

$20,400

USI CONSULTING GROUP1 year

Filed as: USI ADVISORS, INC.

Service code 27 · EIN 06-1397347

Advisory (Plan)

$15,682

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$8,157

HIGHSPOT, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HIGHSPOT, 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