Retirement plan

SPOTIFY USA INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: SPOTIFY USA INC. - SPOTIFY USA INC. 401(K) PROFIT SHARING PLAN AND TRUST (2019) Form 5500
Creator: SPOTIFY USA INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPOTIFY USA INC. 401(K) PROFIT SHARING PLAN AND TRUST, SPOTIFY USA INC.

SPOTIFY USA INC.EIN 80-0555431Plan #001PY 2019

150 GREENWICH ST., FLOOR 62 - NEW YORK, NY 10007212-320-3740

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$115.8M

-43.9% from 2016

Total participants

2,459

-37.2% from 2016

Average account balance

$47,415

-7.6% from 2016

Annual return

40.94%

-20.89 pp from 2016

Benchmarks

See 733 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort733 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$565.84M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

5,120

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.

99.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$85.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+17.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$108

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
THE VANGUARD GROUP, INC.2 years Service code 15 · EIN 23-1945930	Recordkeeping	$148,765
ABD RETIREMENT SERVICES INC2 years Filed as: ABD RETIREMENT SERVICES INC. Service code 16 · EIN 80-0833114	Consulting	$73,406
CROW HOLDINGS CAPITAL1 year Filed as: CROW LLP Service code 16 · EIN 35-0921680	Consulting	$16,988

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

$237K

$116 / participant

Other / not subdivided$237K100.0%

% of EOY assets

0.205%

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: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,415

$101,523-53.3%

$141,200-66.4%

$77,775-39.0%

Participation rate

99.2%

77.4%+21.8pp

82.5%+16.7pp

73.2%+26.0pp

Annual return

40.94%

56.22%-15.3pp

71.41%-30.5pp

32.58%+8.4pp

Employer contribution / active EE

$3,652

$3,341+9.3%

$4,736-22.9%

$2,504+45.9%

Participant deferral / active EE

$11,215

$6,434+74.3%

$6,710+67.1%

$3,966+182.8%

Admin fee / account holder

$97

$92+6.1%

$10,265-99.1%

$100-2.9%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.2 years

Service code 15 · EIN 23-1945930

Recordkeeping

$148,765

ABD RETIREMENT SERVICES INC2 years

Filed as: ABD RETIREMENT SERVICES INC.

Service code 16 · EIN 80-0833114

Consulting

$73,406

CROW HOLDINGS CAPITAL1 year

Filed as: CROW LLP

Service code 16 · EIN 35-0921680

Consulting

$16,988

SPOTIFY USA INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPOTIFY USA INC. 401(K) PROFIT SHARING PLAN AND TRUST

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