Plan Ledger DOL Form 5500 · updated monthly

Offerpad, LLC401(k)

OFFERPAD, LLC 401(K) PLAN · CHANDLER, AZ · plan year 2025

Reported admin expense ratio · 2025
0.50%

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

Offerpad, LLC reported $67,637 in plan administrative expenses for 2025: 0.50% of average plan assets, higher than ~75% of peers. 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 3 years on file its reported administrative ratio fell from 1.23% to 0.50%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 466th-largest of 1,285 plans among Arizona employers on file, and the 897th of 2,096 in real estate & leasing. In 2025, employees put in $29059.23 for every $1.00 the employer contributed; active participation has shrunk from 991 to 140 since 2022.

Plan summary
Net assets, end of year$13,751,423
Participants with balances336
Active participants140
Employer contributions$31
Employee contributions$900,836
Employer contribution per active participant$0
Average account balance$40,927
Benefits paid to participants$2,905,724
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$13.8M · 336 accts · $31 emplr
2024$13.5M · 429 accts · $130K emplr
2023$13.5M · 627 accts · $1.1M emplr
2022$12.9M · 1,856 accts · $2.2M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$64,938
Investment management$2,699
Total administrative$67,637
The Offerpad, LLC 401(k) match · 2025
Employer contribution per active participant$0
Median for plans this size$2,666
2025$0 per active participant
2024$638 per active participant
2023$2,837 per active participant
2022$2,231 per active participant

Offerpad, LLC's 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
SAGEVIEW ADVISORY GROUP, LLC · Investment management$2,699

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

Administrative cost history4
2025$67,637 · 0.50%
2024$86,366 · 0.64%
2023$77,156 · 0.58%
2022$124,504 · 1.23%
Same employer
Similar plansReal Estate & Leasing · Arizona
Store Capital Advisors, LLC AZ$15.3M · 0.44%
Onni Properties, LLC. AZ$9.6M · 0.88%
Ensemble Services, LLC AZ$9.6M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320469112 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.