Plan Ledger DOL Form 5500 · updated monthly

Headspace, Inc.401(k)

HEADSPACE 401(K) PLAN · SANTA MONICA, CA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Headspace, Inc. reported $42,687 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $1,636 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 3 years on file its reported administrative ratio has held roughly steady near 0.078%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 1,542nd-largest of 9,483 plans among California employers on file, and the 814th of 3,091 in educational services. In 2024, employees put in $6.11 for every $1.00 the employer contributed; active participation has shrunk from 1,136 to 718 since 2022.

Plan summary
Net assets, end of year$59,120,089
Participants with balances1,013
Active participants718
Employer contributions$1,174,854
Employee contributions$7,179,912
Employer contribution per active participant$1,636
Average account balance$58,361
Benefits paid to participants$7,576,248
Plan auditUnmodified (clean) audit opinion
AuditorDUFFY KRUSPODIN, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$59.1M · 1,013 accts · $1.2M emplr
2023$49.8M · 1,107 accts · $4.6M emplr
2022$31.7M · 1,141 accts · $4.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,687
Total administrative$42,687
The Headspace, Inc. 401(k) match · 2024
Employer contribution per active participant$1,636
Median for plans this size$3,635
2024$1,636 per active participant
2023$5,036 per active participant
2022$3,572 per active participant

Headspace, Inc.'s 2024 employer contribution ran below the $3,635 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
NEWPORT GROUP, INC. · Contract administrator · Plan administrator$42,687

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$42,687 · 0.08%
2023$35,286 · 0.09%
2022$19,555 · 0.08%
Same employer
Similar plansEducational Services · California
Oakwood School CA$63.2M · 0.17%
Francis Parker School CA$60.9M · 0.15%
Valley Christian Schools CA$57.1M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461777570 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.