Plan Ledger DOL Form 5500 · updated monthly

Dave Operating LLC401(k)

DAVE OPERATING LLC 401K PLAN · LOS ANGELES, CA · plan year 2025

Reported admin expense ratio · 2025
0.04%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

Dave Operating LLC reported $14,174 in plan administrative expenses for 2025: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,733 per active participant. 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 2 years on file its reported administrative ratio fell from 0.06% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other finance & insurance employers. By assets it is the 2,112th-largest of 9,483 plans among California employers on file, and the 1,935th of 4,798 in finance & insurance. In 2025, employees put in $2.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,638,462
Participants with balances380
Active participants281
Employer contributions$2,173,042
Employee contributions$4,593,188
Employer contribution per active participant$7,733
Average account balance$106,943
Benefits paid to participants$2,643,473
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2025$40.6M · 380 accts · $2.2M emplr
2024$29.2M · 367 accts · $2.1M emplr
2023$21.0M · 367 accts · $2.1M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$1,625
Investment management$12,549
Total administrative$14,174
The Dave Operating LLC 401(k) match · 2025
Employer contribution per active participant$7,733
Median for plans this size$2,666
2025$7,733 per active participant
2024$7,730 per active participant
2023$7,349 per active participant

Dave Operating LLC's 2025 employer contribution ran above the $2,666 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$12,549
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,625

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

Administrative cost history3
2025$14,174 · 0.04%
2024$13,215 · 0.05%
2023$9,282 · 0.06%
Same employer
Similar plansFinance & Insurance · California
Stretto CA$41.3M · 0.20%
Altura Credit Union CA$40.9M · 0.39%
Provident Savings Bank CA$40.6M · 0.17%
Clover Health, LLC CA$40.5M · 0.23%
1ST United Credit Union CA$40.0M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 871020853 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.