Plan Ledger DOL Form 5500 · updated monthly

Hello Heart Inc.401(k)

HELLO HEART 401(K) PLAN · MENLO PARK, CA · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Hello Heart Inc. reported $34,840 in plan administrative expenses for 2024: 0.49% of average plan assets, below the peer median. 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 1 year on file its reported administrative ratio rose from 0.11% to 0.49%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (5,859th of 9,483), and 8,465th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$8,600,406
Participants with balances192
Active participants147
Employer contributions$0
Employee contributions$2,090,009
Employer contribution per active participant$0
Average account balance$44,794
Benefits paid to participants$1,438,875
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM SMITH + BROWN PC
Plan history2
Yearassets · accounts · employer contribution
2024$8.6M · 192 accts
2023$5.7M · 158 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,059
Investment management$17,781
Total administrative$34,840
The Hello Heart Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Hello Heart Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
NEWFRONT RETIREMENT SERVICES, INC. · Investment advisory (plan)$13,707
EMPOWER ADVISORY GROUP, LLC · Investment management$4,074

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

Administrative cost history2
2024$34,840 · 0.49%
2023$6,057 · 0.11%
Same employer
Similar plansProfessional & Technical Services · California
Veryon CA$8.6M · 0.23%
Ignition Creative, LLC CA$8.6M · 0.29%
Rapattoni Corporation CA$8.5M · 1.43%
Chromadex, Inc. CA$8.5M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823489727 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.