Plan Ledger DOL Form 5500 · updated monthly

Dropoff, Inc.401(k)

DROPOFF, INC. 401(K) PLAN · AUSTIN, TX · plan year 2023

Reported admin expense ratio · 2023
0.45%

Dropoff, Inc. reported $7,507 in plan administrative expenses for 2023: 0.45% of average plan assets, below 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 1 year on file its reported administrative ratio rose from 0.28% to 0.45%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Texas (5,001st of 5,688), and 2,156th of 2,677 in transportation & warehousing.

Plan summary
Net assets, end of year$1,768,301
Participants with balances123
Active participants84
Employer contributions—
Employee contributions$362,051
Employer contribution per active participant—
Average account balance$14,376
Benefits paid to participants$433,185
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$1.8M · 123 accts
2022$1.6M · 189 accts · $14K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$7,507
Total administrative$7,507
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ADP, INC. · Loan processing · Recordkeeping$7,506

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

Administrative cost history2
2023$7,507 · 0.45%
2022$4,201 · 0.28%
Same employer
Similar plansTransportation & Warehousing · Texas
K.L. Breeden & Sons, LLC TX$1.7M · 1.33%
Raider Express Inc. TX$1.6M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464379297 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.