Formagrid Inc DBA Airtable 401(k) Review & Grade
Airtable 401(k) Plan
San Francisco, CAProfessional, Scientific & Technical Services565 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,683Employer $ per active participant
$21,338Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$72.2MNet plan assets, end of year
$66,228Average balance per account
Score breakdown
- Employer generosity14.7 / 5029th percentile for employer $ per participant
- Low cost24.6 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 1599th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 98th |
| Employee saving | 99th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($325 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $15,908 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Formagrid Inc DBA Airtable put in about $1,683 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $950,918 |
| Participant (employee) contributions | $12,055,861 |
| Other contributions (incl. rollovers in) | $4,182,814 |
| Administrative expenses paid from the plan | $4,580 |
| Benefits paid out | $8,090,211 |
| Net assets, start / end of year | $53.9M / $72.2M |
| Active participants, start / end of year | 548 / 582 |
| Participants with account balances | 1,090 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $4,580 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250826162632NAL0008856977001, received 2025-08-26, EIN 46-2070030, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.