401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-25

$121M
Total assets Near avg plan size
2,482
Participants Above avg headcount
92nd
Percentile by assets National rank
$48,677
Avg per participant Low balance/head
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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.

  • #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.

#2,502
in Information & Media (2,818 peers)
+48.2%
assets growth YoY
1.2×
vs typical plan assets (national mean)

Shopify (USA), Inc. 401(k) Plan's outsized position 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

This plan $0 $2,050,000,000 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 2023

Shopify (USA), Inc. 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Shopify (USA), Inc. 401(k) Plan lands in the large band (2,482 participants).

What changed between DOL Form 5500 filings

plan year 2022 → 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 →

EBSA filing schedule strip

Filing strip 471039071 · Shopify (USA), Inc. PY 2023 · 401(k)

Shopify (USA), Inc. 401(k) Plan · $121M · 2,482 · 92nd

  • PART $121M
  • TYPE 2,482
  • NET 92nd
  • BOOK 401(k)
  • VS-ST near Woods Rogers Vandeventer Black PLC Profit Sharing Plan
  • BOY ind #2502

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Information & Media retirement plans → · Plans in New York →

Shopify (USA), Inc. 401(k) Plan in the asset neighbourhood

Northwest Kidney Centers Tax Deferred 401(k) Plan and TrustNorthwest Kidney Centers Tax…$121MLima Refining Company and Superior Refining Company LLC 401(k) PlanLima Refining Company and Su…$121MJ.F. Taylor, Inc. 401(k) Plan$121MShopify (USA), Inc. 401(k) PlanShopify (USA), Inc. 401(k) P…$121MWoods Rogers Vandeventer Black PLC Profit Sharing PlanWoods Rogers Vandeventer Bla…$121M
End-of-year total assets ($M) among Shopify (USA), Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$82M
Net Assets (End of Year)$121M
Net Income$34M
Employer EIN471039071
Plan Effective Date2018-07-01
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

All Shopify (USA), Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$176M 115.56527570290724% vs 2022
2024 filing year
$50M$100M$150M$200M 202220232024 $81.5M $176M ▲ +115.6%
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 Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Shopify (USA), Inc. 401(k) Plan, Total assets ($B): 0.120815413 · Participants: 2482Shopify (USA), Inc. 401(k) PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
Shopify (USA), Inc. 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Shopify (USA), Inc. 401(k) Plan side-by-side with 3 peers →

Shopify (USA), Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Woods Rogers Vandeventer Black PLC Profit Sharing Plan in VA ($121M); by covered participants it is Bi-Mart Corporation Defined Contribution Retirement Plan in OR (2,483 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,482 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).
Which 401(k) plans cover a similar participant headcount to Shopify (USA), Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bi-Mart Corporation Defined Contribution Retirement Plan in OR (2,483 participants, $105M in assets).

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.

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.