Plan Ledger DOL Form 5500 · updated monthly

Hydrow, Inc.401(k)

HYDROW, INC. 401(K) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.76%

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

Hydrow, Inc. reported $53,671 in plan administrative expenses for 2024: 0.76% of average plan assets, above the peer median. Employer contributions averaged $97 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 0.19% to 0.76%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Massachusetts (2,042nd of 2,726), and 3,014th of 5,215 in retail trade. In 2024, employees put in $128.24 for every $1.00 the employer contributed; active participation has shrunk from 114 to 96 since 2022.

Plan summary
Net assets, end of year$8,109,053
Participants with balances151
Active participants96
Employer contributions$9,288
Employee contributions$1,191,062
Employer contribution per active participant$97
Average account balance$53,702
Benefits paid to participants$458,508
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.1M · 151 accts · $9K emplr
2023$5.9M · 177 accts
2022$4.1M · 224 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,219
Investment management$16,282
Audit (IQPA)$3,170
Total administrative$53,671
The Hydrow, Inc. 401(k) match · 2024
Employer contribution per active participant$97
Median for plans this size$1,313

Hydrow, 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$32,267
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$15,896

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$53,671 · 0.76%
2023$37,616 · 0.75%
2022$6,721 · 0.19%
Same employer
Similar plansRetail Trade · Massachusetts
Texthelp Inc. MA$8.3M · 0.28%
Best Chevrolet, Inc. MA$8.1M · 0.59%
Evolved by Nature, Inc. MA$8.0M · 1.00%
Sentry Ford Lincoln, Inc. MA$7.7M · 0.29%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 823426428 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.