Plan Ledger DOL Form 5500 · updated monthly

Spothero, Inc.401(k)

SPOTHERO 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Spothero, Inc. reported $46,099 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $3,121 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 has held roughly steady near 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Illinois (1,907th of 3,702), and the 1,217th of 3,341 in other services. In 2024, employees put in $3.23 for every $1.00 the employer contributed; active participation has grown from 181 to 210 since 2022.

Plan summary
Net assets, end of year$16,355,865
Participants with balances242
Active participants210
Employer contributions$655,453
Employee contributions$2,113,962
Employer contribution per active participant$3,121
Average account balance$67,586
Benefits paid to participants$1,002,884
Plan auditUnmodified (clean) audit opinion
AuditorMILLER COOPER & CO., LTD
Plan history3
Yearassets · accounts · employer contribution
2024$16.4M · 242 accts · $655K emplr
2023$11.8M · 219 accts · $598K emplr
2022$8.4M · 208 accts · $539K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,138
Investment management$44,961
Total administrative$46,099
The Spothero, Inc. 401(k) match · 2024
Employer contribution per active participant$3,121
Median for plans this size$2,416
2024$3,121 per active participant
2023$3,196 per active participant
2022$2,977 per active participant

Spothero, Inc.'s 2024 employer contribution ran above 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
CREATIVE PLANNING LLC · Investment advisory (plan)$39,381
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$5,580
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,138

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$46,099 · 0.33%
2023$37,653 · 0.37%
2022$25,973 · 0.32%
Same employer
Similar plansOther Services · Illinois
Tps Parking Management, LLC IL$17.0M · 0.65%
Crash Champions, LLC IL$16.7M · 0.17%
Bible League IL$16.7M · 0.28%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 455389124 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.