Plan Ledger DOL Form 5500 · updated monthly

Hippo Employee Services Inc.401(k)

HIPPO EMPLOYEE SERVICES INC. AND ITS AFFILIATES 401(K) PLAN · PALO ALTO, CA · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Hippo Employee Services Inc. reported $76,782 in plan administrative expenses for 2024: 0.35% of average plan assets, above 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 2 years on file its reported administrative ratio fell from 0.70% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 3,119th-largest of 9,483 plans among California employers on file, and 2,712th of 4,798 in finance & insurance. active participation has shrunk from 526 to 342 since 2022.

Plan summary
Net assets, end of year$24,886,920
Participants with balances612
Active participants342
Employer contributions$0
Employee contributions$3,653,849
Employer contribution per active participant$0
Average account balance$40,665
Benefits paid to participants$2,854,880
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.9M · 612 accts
2023$18.9M · 660 accts · $100 emplr
2022$13.2M · 716 accts · $8K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,697
Audit (IQPA)$7,085
Total administrative$76,782
The Hippo Employee Services Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416
2023$0 per active participant
2022$16 per active participant

Hippo Employee Services 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$69,723
MOSS ADAMS LLC · Accounting / audit$7,085

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$76,782 · 0.35%
2023$81,232 · 0.51%
2022$85,817 · 0.70%
Same employer
Similar plansFinance & Insurance · California
Generate Capital, Pbc CA$25.4M · 0.39%
First Commercial Bank USA CA$25.3M · 0.06%
Century Housing Corporation CA$24.7M · 0.14%
Research Affiliates, LLC CA$24.5M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843080503 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.