Plan Ledger DOL Form 5500 · updated monthly

Groove Labs Inc.401(k)

GROOVE LABS 401(K) PLAN · SAN FRANCISCO, CA · plan year 2023

Reported admin expense ratio · 2023
0.12%

Groove Labs Inc. reported $6,322 in plan administrative expenses for 2023: 0.12% of average plan assets, lower than ~75% of peers. 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 0.09% to 0.12%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in California (6,572nd of 9,483), and 1,783rd of 2,199 in information & media. In 2023, employees put in $4.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,285,209
Participants with balances171
Active participants0
Employer contributions$317,918
Employee contributions$1,315,425
Employer contribution per active participant—
Average account balance$36,756
Benefits paid to participants$1,117,316
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$6.3M · 171 accts · $318K emplr
2022$4.7M · 209 accts · $366K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,672
Investment management$4,470
Total administrative$6,322
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
GUIDELINE, INC. · Plan administrator · Recordkeeping$6,322

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$6,322 · 0.12%
2022$3,311 · 0.09%
Similar plansInformation & Media · California
Spire Inc CA$6.4M · 0.25%
Texas Television, Inc. CA$6.3M · 0.49%
Workramp, Inc. CA$6.3M · 0.12%
Labelbox, Inc. CA$6.3M · 0.02%
Machinify, Inc. CA$6.2M · 0.12%
Sidecar Health, Inc. CA$6.0M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465386787 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.