Plan Ledger DOL Form 5500 · updated monthly

Hover Inc.401(k)

HOVER INC. - 401(K) PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.02%

Hover Inc. reported $3,948 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. 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 0.03% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 3,852nd-largest of 9,483 plans among California employers on file, and the 1,073rd of 2,199 in information & media.

Plan summary
Net assets, end of year$18,340,000
Participants with balances327
Active participants277
Employer contributions—
Employee contributions$3,386,329
Employer contribution per active participant—
Average account balance$56,086
Benefits paid to participants$1,300,853
Plan auditUnmodified (clean) audit opinion
AuditorFRANK RIMERMAN & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$18.3M · 327 accts
2023$13.4M · 316 accts
2022$9.5M · 305 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,948
Total administrative$3,948
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 · 20241
ADP, INC. · Loan processing · Recordkeeping$3,947

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$3,948 · 0.02%
2023$3,536 · 0.03%
2022$2,720 · 0.03%
Same employer
Similar plansInformation & Media · California
Recurly, Inc. CA$18.8M · 0.02%
Redseal, Inc. CA$18.7M · 0.01%
Domino Data Lab Inc. CA$18.6M · 0.38%
Jitterbit, Inc. CA$18.2M · 0.30%
Nativo, Inc. CA$18.2M · 0.01%
Matrixx Software Inc. CA$18.1M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 451247776 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.