401(k) · DOL Form 5500 · 2022

Gusto (Zenpayroll) 401(k) Plan

Data updated 2026-08-11

$71M
Total assets
2,063
Participants
91st
Percentile by assets
$34,221
Avg per participant
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Official DOL plan name: Gusto 401(k) Plan · Sponsored by Gusto (Zenpayroll) · California · Professional & Technical Services

$71M in assets, 2,063 participants

Gusto (Zenpayroll)'s Gusto 401(k) Plan reported $71M in total assets and 2,063 participants in its 2022 DOL Form 5500 filing, ranking in the 91st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 91st percentile by assets (of 139,126 plans)
  • #19,784 in Professional & Technical Services (21,562 peers)

Coverage in California

Gusto 401(k) Plan covers 2,063 participants in California, 3.3x the typical California plan (state average ~630 per filing). Assets: $71M.

$71M
total plan assets (2022 EOY)
2,063
covered participants
91st
percentile by assets (of 139,126 plans)
$34,221
avg assets per participant

Where Gusto 401(k) Plan sits by total assets

Gusto 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$70,597,087 Top 9% higher than 91% of 139,123 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

State
California
Industry
Professional & Technical Services

Participants vs California filers

In California, the average filing covers about 630 participants across 15,291 plans. Gusto 401(k) Plan reports 2,063 participants - 3.3x that state average ($71M EOY assets).

California filing particulars

Total Assets (Beginning of Year)$64M
Net Assets (End of Year)$71M
Net Income$7M
Employer EIN453942850
Plan Effective Date2016-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gusto (Zenpayroll))

$50M$100M$150M 202220232024 $70.6M $139M ▲ +96.2%
Total plan assets by year, all Gusto (Zenpayroll) plans on file
Year Plans Participants Total Assets
2022 1 2,063 $71M
2023 1 2,552 $103M
2024 1 2,422 $139M

Nearby 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Gusto 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Gusto 401(k) Plan, Total assets ($B): 0.070597087 · Participants: 2063Gusto 401(k) PlanWells Fargo & Compan…, Total assets ($B): 45.765616608 · Participants: 205865Wells Fargo & Compan…Google LLC 401(k) Sa…, Total assets ($B): 28.89820221 · Participants: 102963Google LLC 401(k) Sa…Oracle Corporation 4…, Total assets ($B): 21.851716605 · Participants: 46320Oracle Corporation 4…Chevron Employee Sav…, Total assets ($B): 18.60989746 · Participants: 19946Chevron Employee Sav…Intel 401(k) Savings…, Total assets ($B): 18.361585903 · Participants: 54672Intel 401(k) Savings…
Gusto 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Gusto 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Gusto 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Gusto 401(k) Plan assets move in 2022? ▼
Gusto 401(k) Plan grew at a solid clip - up 11.1% during 2022, from $64M to $71M. Reported net income was $7M.
How have Gusto (Zenpayroll) plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gusto (Zenpayroll)'s sponsor-wide assets grew 96.2%, from $71M to $139M.
Where does Gusto 401(k) Plan rank by assets among Form 5500 filers? ▼
Gusto 401(k) Plan ranks in the 91st percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Gusto 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Irex Corporation Employees' Savings Incentive Plan in PA ($71M, 202 participants).

Next read for Gusto 401(k) Plan

Filing takeaways

Ways to act on Gusto 401(k) Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 453942850.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.