Plan Ledger DOL Form 5500 · updated monthly

Hearts for Hearing Foundation401(k)

HEARTS FOR HEARING FOUNDATION 401(K) · OKLAHOMA CITY, OK · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Hearts for Hearing Foundation reported $11,279 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $1,759 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 0.03% to 0.24%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Oklahoma (539th of 724), and 7,814th of 11,911 in health care & social assistance. In 2024, employees put in $1.61 for every $1.00 the employer contributed; active participation has grown from 121 to 138 since 2022.

Plan summary
Net assets, end of year$5,162,963
Participants with balances204
Active participants138
Employer contributions$242,717
Employee contributions$390,126
Employer contribution per active participant$1,759
Average account balance$25,309
Benefits paid to participants$262,774
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.2M · 204 accts · $243K emplr
2023$4.2M · 177 accts · $228K emplr
2022$4.2M · 135 accts · $196K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,235
Investment management$6,044
Total administrative$11,279
The Hearts for Hearing Foundation 401(k) match · 2024
Employer contribution per active participant$1,759
Median for plans this size$1,313
2024$1,759 per active participant
2023$1,570 per active participant
2022$1,623 per active participant

Hearts for Hearing Foundation's 2024 employer contribution ran above the $1,313 median for plans its size. 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 · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$5,235
FULL SAIL CAPITAL · Investment advisory (plan)$6,044

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$11,279 · 0.24%
2023$60 · 0.00%
2022$1,320 · 0.03%
Similar plansHealth Care & Social Assistance · Oklahoma
Montereau, Inc. OK$5.4M · 0.71%
Epworth Living, Inc. OK$5.1M · 0.40%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 412043960 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.