Plan Ledger DOL Form 5500 · updated monthly

Betterup, Inc.401(k)

BETTERUP, INC. RETIREMENT PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.34%

Betterup, Inc. reported $99,334 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 1,499th-largest of 5,688 plans among Texas employers on file, and the 1,261st of 3,091 in educational services. active participation has shrunk from 692 to 499 since 2022.

Plan summary
Net assets, end of year$31,209,870
Participants with balances495
Active participants499
Employer contributions—
Employee contributions$5,968,227
Employer contribution per active participant—
Average account balance$63,050
Benefits paid to participants$7,635,773
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.2M · 495 accts
2023$27.4M · 528 accts
2022$18.1M · 525 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$99,334
Total administrative$99,334
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$99,333
PRINCIPAL SECURITIES INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$99,334 · 0.34%
2023$77,022 · 0.34%
2022$51,415 · 0.35%
Same employer
Similar plansEducational Services · Texas
Saint Mary's Hall TX$38.2M · 0.06%
Uworld, LLC TX$36.5M · 0.40%
Parker University TX$31.8M · 0.27%
Watermark Insights, LLC TX$28.8M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464390865 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.