401(k) · DOL Form 5500 · 2023

Shopify (USA), Inc. 401(k) Plan

Data updated 2026-08-11

$121M
Total assets: 2,482
Participants: 92nd
Percentile by assets: $48,677
Avg per participant

Official DOL plan name: Shopify (USA), Inc. 401(k) Plan · Sponsored by Shopify (USA), Inc. · New York · Information & Media

$121M in assets, 2,482 participants

Shopify (USA), Inc.'s Shopify (USA), Inc. 401(k) Plan reported $121M in total assets and 2,482 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.

92nd percentile by assets (of 127,072 plans)
#2,502 in Information & Media (2,818 peers)

Coverage in New York

Shopify (USA), Inc. 401(k) Plan covers 2,482 participants in New York, 3.1x the typical New York plan (state average ~798 per filing). Assets: $121M.

$121M
total plan assets (2023 EOY): 2,482
covered participants: 92nd
percentile by assets (of 127,072 plans): $48,677
avg assets per participant

Where Shopify (USA), Inc. 401(k) Plan sits by total assets

Shopify (USA), Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$120,815,413 Top 8% higher than 92% of 127,068 filed plans

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

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Shopify (USA), Inc. 401(k) Plan end-of-year assets rose from $82M in the plan year 2022 filing to $121M in the plan year 2023 filing.
Shopify (USA), Inc. 401(k) Plan reported participants rose from 1,842 in the plan year 2022 filing to 2,482 in the plan year 2023 filing.
Shopify (USA), Inc. 401(k) Plan reported net income rose from $34M in the plan year 2022 filing to $34M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

New York

Industry

Information & Media

Participants vs New York filers

In New York, the average filing covers about 798 participants across 9,061 plans. Shopify (USA), Inc. 401(k) Plan reports 2,482 participants - 3.1x that state average ($121M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)	$82M
Net Assets (End of Year)	$121M
Net Income	$34M
Employer EIN	471039071
Plan Effective Date	2018-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Shopify (USA), Inc.)

Total plan assets by year, all Shopify (USA), Inc. plans on file

Year	Plans	Participants	Total Assets
2022	1	1,842	$82M
2023	1	2,482	$121M
2024	1	1,670	$176M

Nearby 401(k) Plans in New York

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

Shopify (USA), Inc. 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants

IBM 401 (K) Plus Plan $57.4B · 54,912
Pfizer Savings Plan $19.6B · 30,033
Morgan Stanley 401(k) Plan $19.2B · 55,363
The Pepsico Savings Plan $13.7B · 133,597
The Goldman Sachs 401(k) Plan $11.4B · 24,866

Compare Shopify (USA), Inc. 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

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

Woods Rogers Vandeventer Black PLC Profit Sharing Plan (VA) $121M · 114
Northwest Kidney Centers Tax Deferred 401(k) Plan and Trust (WA) $121M · 598
Lima Refining Company and Superior Refining Company LLC 401(k) Plan (OH) $121M · 452
J.F. Taylor, Inc. 401(k) Plan (MD) $121M · 471

Frequently Asked Questions

How did Shopify (USA), Inc. 401(k) Plan assets move in 2023? ▼

Shopify (USA), Inc. 401(k) Plan surged - up 48.2% during 2023, from $82M to $121M. Reported net income was $34M.

How have Shopify (USA), Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Shopify (USA), Inc.'s sponsor-wide assets grew 115.6%, from $82M to $176M.

Where does Shopify (USA), Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼

Shopify (USA), Inc. 401(k) Plan ranks in the 92nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which 401(k) plans are similar in size to Shopify (USA), Inc. 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Woods Rogers Vandeventer Black PLC Profit Sharing Plan in VA ($121M, 114 participants).

Next read for Shopify (USA), Inc. 401(k) Plan

Filing takeaways

Ways to act on Shopify (USA), Inc. 401(k) Plan's numbers.

By total assets, Shopify (USA), Inc. 401(k) Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in New York. Compare plans
Shopify (USA), Inc.'s sponsor-wide assets have grown 115.6% since 2022 across 3 plan years on file. More Information & Media plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 471039071.