Plan Ledger DOL Form 5500 · updated monthly

Heliogen, Inc.401(k)

HELIOGEN, INC. 401(K) PLAN · PASADENA, CA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Heliogen, Inc. reported $23,209 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $11,834 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 fell from 0.84% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (5,092nd of 9,483), and 7,559th of 11,654 in professional & technical services. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has shrunk from 215 to 59 since 2022.

Plan summary
Net assets, end of year$11,436,999
Participants with balances235
Active participants59
Employer contributions$698,221
Employee contributions$1,352,404
Employer contribution per active participant$11,834
Average account balance$48,668
Benefits paid to participants$2,213,376
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 235 accts · $698K emplr
2023$9.5M · 187 accts · $1.0M emplr
2022$6.3M · 188 accts · $837K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,575
Investment management$17,634
Total administrative$23,209
The Heliogen, Inc. 401(k) match · 2024
Employer contribution per active participant$11,834
Median for plans this size$2,416
2024$11,834 per active participant
2023$7,137 per active participant
2022$3,891 per active participant

Heliogen, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$17,234
TRUOG-RYDING COMPANY INC · Contract administrator$10,577
OAKWOOD CAPITAL SECURITIES, INC.indirect comp

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$23,209 · 0.22%
2023$59,133 · 0.75%
2022$44,434 · 0.84%
Same employer
Similar plansProfessional & Technical Services · California
Agiloft, Inc. CA$11.5M · 0.17%
D&K Engineering, Inc. CA$11.5M · 0.68%
Consumertrack, Inc. CA$11.5M · 0.20%
Shape Security, Inc. CA$11.4M · 0.55%
Seer, Inc. CA$11.4M · 0.35%
Zymo Research Corporation CA$11.4M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462456201 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.