Plan Ledger DOL Form 5500 · updated monthly

Openly Holdings Corp.401(k)

OPENLY LLC 401(K) PLAN · BOSTON, MA · plan year 2025

Reported admin expense ratio · 2025
0.05%

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

Openly Holdings Corp. reported $15,926 in plan administrative expenses for 2025: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,665 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 1 year on file its reported administrative ratio fell from 0.09% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other finance & insurance employers. By assets it is the 859th-largest of 2,726 plans among Massachusetts employers on file, and the 2,058th of 4,798 in finance & insurance. In 2025, employees put in $2.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$37,714,347
Participants with balances421
Active participants356
Employer contributions$1,660,572
Employee contributions$4,304,383
Employer contribution per active participant$4,665
Average account balance$89,583
Benefits paid to participants$1,918,921
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2025$37.7M · 421 accts · $1.7M emplr
2024$25.0M · 426 accts · $1.6M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$12,495
Investment management$3,431
Total administrative$15,926
The Openly Holdings Corp. 401(k) match · 2025
Employer contribution per active participant$4,665
Median for plans this size$2,666
2025$4,665 per active participant
2024$4,059 per active participant

Openly Holdings Corp.'s 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$9,560

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

Administrative cost history2
2025$15,926 · 0.05%
2024$16,903 · 0.09%
Similar plansFinance & Insurance · Massachusetts
South Shore Bank MA$38.8M · 0.03%
Jeanne Darc Credit Union MA$38.3M · 0.00%
Watertown Savings Bank MA$38.2M · 0.00%
Flywire Corporation MA$36.9M · 0.05%
Mortgage Network, Inc. MA$35.1M · 0.20%
St. Mary's Credit Union MA$34.3M · 0.14%
The Bank of Canton MA$34.0M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 873405612 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.