Plan Ledger DOL Form 5500 · updated monthly

Ooma, Inc.401(k)

OOMA, INC. 401(K) PLAN · SUNNYVALE, CA · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Ooma, Inc. reported $117,713 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $2,328 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 0.21% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,891st-largest of 9,483 plans among California employers on file, and the 3,342nd of 13,661 in manufacturing. In 2024, employees put in $4.10 for every $1.00 the employer contributed; active participation has grown from 382 to 459 since 2022.

Plan summary
Net assets, end of year$46,042,941
Participants with balances422
Active participants459
Employer contributions$1,068,670
Employee contributions$4,377,172
Employer contribution per active participant$2,328
Average account balance$109,106
Benefits paid to participants$5,912,142
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$46.0M · 422 accts · $1.1M emplr
2023$38.4M · 400 accts · $889K emplr
2022$29.4M · 360 accts · $745K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,867
Investment management$8,731
Total administrative$117,713
The Ooma, Inc. 401(k) match · 2024
Employer contribution per active participant$2,328
Median for plans this size$2,416
2024$2,328 per active participant
2023$1,920 per active participant
2022$1,949 per active participant

Ooma, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$91,867
SINGERLEWAK LLP · Accounting / audit$17,115
MESIROW FINANCIAL, INC. · Investment advisory (plan)$8,732

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$117,713 · 0.28%
2023$110,954 · 0.33%
2022$63,379 · 0.21%
Same employer
Similar plansManufacturing · California
Archer Aviation Inc. CA$47.4M · 0.04%
Dialog Semiconductor Inc. CA$47.2M · 0.20%
Nsg Technology, Inc. CA$46.9M · 0.01%
Exemplis LLC CA$45.6M · 0.06%
Fit Electronics, Inc. CA$45.1M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061713274 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.