Plan Ledger DOL Form 5500 · updated monthly

Homeward, Inc.401(k)

HOMEWARD INC. 401(K) PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
1.07%

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

Homeward, Inc. reported $59,073 in plan administrative expenses for 2024: 1.07% of average plan assets, higher than ~75% of peers. Employer contributions averaged $710 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 0.26% to 1.07%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Texas (3,834th of 5,688), and 1,420th of 2,096 in real estate & leasing. In 2024, employees put in $5.47 for every $1.00 the employer contributed; active participation has shrunk from 308 to 226 since 2022.

Plan summary
Net assets, end of year$5,933,913
Participants with balances212
Active participants226
Employer contributions$160,501
Employee contributions$877,530
Employer contribution per active participant$710
Average account balance$27,990
Benefits paid to participants$949,114
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 212 accts · $161K emplr
2023$5.1M · 237 accts · $232K emplr
2022$4.2M · 266 accts · $326K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,351
Investment management$966
Total administrative$59,073
The Homeward, Inc. 401(k) match · 2024
Employer contribution per active participant$710
Median for plans this size$1,313
2024$710 per active participant
2023$1,074 per active participant
2022$1,058 per active participant

Homeward, Inc.'s 2024 employer contribution ran below 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 · 20244
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants)$31,939
ARMANINO LLP · Accounting / audit$13,781
SCOTT MILLER CPA & ASSOCIATES INC. · Accounting / audit$12,000
NFP RETIREMENT INC$425

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$59,073 · 1.07%
2023$45,021 · 0.97%
2022$10,937 · 0.26%
Same employer
Similar plansReal Estate & Leasing · Texas
W3 Luxury Living TX$6.2M · 0.10%
Kairoi Management, LLC TX$6.0M · 0.90%
Medve Group Inc TX$5.9M · 0.15%
Allpoints Services Corp. TX$5.8M · 0.44%
Patten Gp, LLC TX$5.8M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320594976 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.