Plan Ledger DOL Form 5500 · updated monthly

The William and Flora Hewlett Foundation403(b)

THE WILLIAM AND FLORA HEWLETT FOUNDATION 403(B) PLAN · MENLO PARK, 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

The William and Flora Hewlett Foundation reported $22,769 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $26,784 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 $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 922nd-largest of 9,483 plans among California employers on file, and the 177th of 3,341 in other services. In 2024, the employer put in $1.63 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$111,111,783
Participants with balances255
Active participants134
Employer contributions$3,589,118
Employee contributions$2,200,080
Employer contribution per active participant$26,784
Average account balance$435,732
Benefits paid to participants$5,345,889
Plan auditUnmodified (clean) audit opinion
AuditorHOOD & STRONG LLP
Plan history3
Yearassets · accounts · employer contribution
2024$111.1M · 255 accts · $3.6M emplr
2023$94.4M · 250 accts · $3.3M emplr
2022$78.0M · 238 accts · $2.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,769
Total administrative$22,769
Employer contributions to the The William and Flora Hewlett Foundation plan · 2024
Employer contribution per active participant$26,784
Median for plans this size$3,635
2024$26,784 per active participant
2023$25,167 per active participant
2022$23,718 per active participant

The William and Flora Hewlett Foundation's 2024 employer contribution ran above the $3,635 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 processing$23,094

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$22,769 · 0.02%
2023$22,703 · 0.03%
2022$22,715 · 0.03%
Same employer
Similar plansOther Services · California
Pacific Clinics CA$126.5M · 0.17%
Prudential Overall Supply CA$125.2M · 0.21%
Stamps.com Inc CA$117.3M · 0.03%
Fulgent Therapeutics LLC CA$108.9M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941655673 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.