Plan Ledger DOL Form 5500 · updated monthly

Openroad Opco. LLC401(k)

OPENROAD 401(K) PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Openroad Opco. LLC reported $40,399 in plan administrative expenses for 2024: 0.56% of average plan assets, above the peer median. Employer contributions averaged $1,419 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 0.23% to 0.56%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other management of companies employers. By assets it is among the smaller plans on file in Texas (3,392nd of 5,688), and 600th of 786 in management of companies. In 2024, employees put in $1.75 for every $1.00 the employer contributed; active participation has grown from 118 to 398 since 2022.

Plan summary
Net assets, end of year$7,986,662
Participants with balances188
Active participants398
Employer contributions$564,929
Employee contributions$986,331
Employer contribution per active participant$1,419
Average account balance$42,482
Benefits paid to participants$936,657
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.0M · 188 accts · $565K emplr
2023$6.4M · 148 accts · $361K emplr
2022$5.0M · 82 accts · $84K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,399
Total administrative$40,399
The Openroad Opco. LLC 401(k) match · 2024
Employer contribution per active participant$1,419
Median for plans this size$1,313
2024$1,419 per active participant
2023$1,024 per active participant
2022$711 per active participant

Openroad Opco. LLC's 2024 employer contribution ran above the $1,313 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,144
CETERA ADVISOR NETWORKS, LLC · Investment advisory (participants)$22,023
PENSION PLANNING CONSULTANTS, INC. · Contract administrator · Loan processing$5,275

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$40,399 · 0.56%
2023$30,739 · 0.54%
2022$11,620 · 0.23%
Same employer
Similar plansManagement of Companies · Texas
Ld Services, LLC TX$10.0M · 0.74%
Cityvet Inc. TX$6.5M · 0.78%
Paceco Investors LP TX$5.6M · 0.40%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 882292587 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.