401(k) · DOL Form 5500 · 2024

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

Data updated 2026-08-25

$176M
Total assets Near avg plan size
1,670
Participants Near avg headcount
94th
Percentile by assets National rank
$105,215
Avg per participant Below avg 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

$176M in assets, 1,670 participants

Shopify (USA), Inc.'s Shopify (USA), Inc. 401(k) Plan reported $176M in total assets and 1,670 participants in its 2024 DOL Form 5500 filing, ranking in the 94th 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.

  • #2,560 in Information & Media (2,822 peers)

Coverage in New York

Shopify (USA), Inc. 401(k) Plan covers 1,670 participants in New York, 2.1x the typical New York plan (state average ~798 per filing). Assets: $176M.

#2,560
in Information & Media (2,822 peers)
+45.4%
assets growth YoY
1.8×
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 2024 · DOL Form 5500

$175,709,649 Top 6% higher than 94% of 123,620 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 2024

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

Plan-year 2024 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 (1,670 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Shopify (USA), Inc. 401(k) Plan reported net income rose from $34M in the plan year 2023 filing to $54M in the plan year 2024 filing.
  • Shopify (USA), Inc. 401(k) Plan end-of-year assets rose from $121M in the plan year 2023 filing to $176M in the plan year 2024 filing.
  • Shopify (USA), Inc. 401(k) Plan reported participants fell from 2,482 in the plan year 2023 filing to 1,670 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 471039071 · Shopify (USA), Inc. PY 2024 · 401(k)

Shopify (USA), Inc. 401(k) Plan · $176M · 1,670 · 94th

  • NET $176M
  • BOOK 1,670
  • VS-ST 94th
  • BOY 401(k)
  • SCH near Vystar Credit Union 401(k) Plan
  • EBSA ind #2560

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

Vystar Credit Union 401(k) PlanVystar Credit Union 401(k) P…$176MShopify (USA), Inc. 401(k) PlanShopify (USA), Inc. 401(k) P…$176MTallahassee Memorial Healthcare 403(b) Retirement Savings PlanTallahassee Memorial Healthc…$176MOlam America Employee Savings PlanOlam America Employee Saving…$176MBoies Schiller Flexner LLP Retirement Savings PlanBoies Schiller Flexner LLP R…$176M
End-of-year total assets ($M) among Shopify (USA), Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)$121M
Net Assets (End of Year)$176M
Net Income$54M
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): 0.175709649 · Participants: 1670Shopify (USA), Inc. 401(k) PlanIBM 401(k) Plan, Total assets ($B): 60.39355615 · Participants: 52674IBM 401(k) PlanMorgan Stanley 401(k) Plan, Total assets ($B): 22.180692974 · Participants: 53860Morgan Stanley 401(k) PlanPfizer Savings Plan, Total assets ($B): 21.9871528 · Participants: 33309Pfizer Savings PlanThe Pepsico Savings Plan, Total assets ($B): 14.9369507 · Participants: 137398The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 12.807939404 · Participants: 23227The 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 Vystar Credit Union 401(k) Plan in FL ($176M); by covered participants it is Wheel Pros, LLC 401(k) Retirement Plan in CO (1,670 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($176M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,670 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Shopify (USA), Inc. 401(k) Plan surged - up 45.4% during 2024, from $121M to $176M. Reported net income was $54M.
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 94th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Vystar Credit Union 401(k) Plan in FL ($176M, 2,264 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 Wheel Pros, LLC 401(k) Retirement Plan in CO (1,670 participants, $85M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.