Plan Ledger DOL Form 5500 · updated monthly

Grove Collaborative, Inc.401(k)

GROVE COLLABORATIVE, INC. 401(K) PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Grove Collaborative, Inc. reported $67,152 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 rose from 0.52% to 0.56%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 4,734th-largest of 9,483 plans among California employers on file, and the 2,120th of 5,215 in retail trade. active participation has shrunk from 653 to 445 since 2022.

Plan summary
Net assets, end of year$13,103,512
Participants with balances562
Active participants445
Employer contributions$0
Employee contributions$1,930,818
Employer contribution per active participant$0
Average account balance$23,316
Benefits paid to participants$1,826,423
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.1M · 562 accts
2023$11.0M · 608 accts
2022$9.6M · 722 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,826
Audit (IQPA)$4,326
Total administrative$67,152
The Grove Collaborative, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Grove Collaborative, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$62,826

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$67,152 · 0.56%
2023$77,549 · 0.75%
2022$48,860 · 0.52%
Same employer
Similar plansRetail Trade · California
Santa Margarita Ford CA$13.3M · 0.07%
Dollar Shave Club CA$13.2M · 0.31%
Pete's Road Service, Inc. CA$13.0M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461188214 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.