Plan Ledger DOL Form 5500 · updated monthly

Noom, Inc.401(k)

NOOM, INC. 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.54%

Noom, Inc. reported $129,964 in plan administrative expenses for 2024: 0.54% of average plan assets, higher 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 0.86% to 0.54%. 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 2,107th-largest of 5,648 plans among New York employers on file, and the 849th of 2,199 in information & media. active participation has shrunk from 1,443 to 538 since 2022.

Plan summary
Net assets, end of year$26,751,027
Participants with balances782
Active participants538
Employer contributions—
Employee contributions$5,038,448
Employer contribution per active participant—
Average account balance$34,208
Benefits paid to participants$5,360,349
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$26.8M · 782 accts
2023$21.2M · 938 accts
2022$15.9M · 1,389 accts · $174K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$99,369
Investment management$30,595
Total administrative$129,964
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$99,369
CREATIVE PLANNING, INC · Investment advisory (plan)$27,920
UBS FINANCIAL SVC INC · Investment advisory (plan)$2,675
CREATIVE PLANNING, LLC · Investment advisory (participants)indirect comp

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$129,964 · 0.54%
2023$128,994 · 0.70%
2022$119,489 · 0.86%
Same employer
Similar plansInformation & Media · New York
Questex LLC NY$28.7M · 0.39%
Newsela, Inc. NY$27.7M · 0.20%
Harry N. Abrams, Inc NY$26.9M · 0.13%
Bloomsbury Publishing Inc. NY$25.3M · 0.45%
Portfolio Media, Inc. NY$25.2M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800243906 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.