Plan Ledger DOL Form 5500 · updated monthly

Open Space Labs Inc401(k)

OPEN SPACE LABS, INC. 401(K) PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Open Space Labs Inc reported $1,984 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,035 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 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 4,559th-largest of 9,483 plans among California employers on file, and 1,269th of 2,199 in information & media. In 2024, employees put in $2.09 for every $1.00 the employer contributed; active participation has shrunk from 215 to 156 since 2022.

Plan summary
Net assets, end of year$14,073,872
Participants with balances211
Active participants156
Employer contributions$1,097,533
Employee contributions$2,297,693
Employer contribution per active participant$7,035
Average account balance$66,701
Benefits paid to participants$1,060,141
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.1M · 211 accts · $1.1M emplr
2023$9.9M · 226 accts · $1.2M emplr
2022$5.0M · 183 accts · $798K emplr
Administrative expenses, itemized · 2024
Investment management$3,313
Total administrative$1,984
The Open Space Labs Inc 401(k) match · 2024
Employer contribution per active participant$7,035
Median for plans this size$2,416
2024$7,035 per active participant
2023$7,718 per active participant
2022$3,712 per active participant

Open Space Labs Inc's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect 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$1,984 · 0.02%
2023$1,668 · 0.02%
2022$925 · 0.03%
Same employer
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Netradyne, Inc. CA$14.3M · 0.88%
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Usim CA$14.1M · 0.44%
Dssv, Inc. CA$13.8M · 0.18%
Bolt Financial, Inc. CA$13.7M · 0.16%
Vcom Solutions, Inc. CA$13.7M · 0.47%
Envoy, Inc. CA$13.6M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814344429 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.