Plan Ledger DOL Form 5500 · updated monthly

Vroom Inc.401(k)

VROOM 401(K) PLAN · NEW YORK, NY · plan year 2023

Reported admin expense ratio · 2023
0.74%

Vroom Inc. reported $108,759 in plan administrative expenses for 2023: 0.74% of average plan assets, higher than ~90% of peers. 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 0.86% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 2,817th-largest of 5,648 plans among New York employers on file, and the 1,775th of 5,215 in retail trade. active participation has shrunk from 1,168 to 794 since 2022.

Plan summary
Net assets, end of year$16,332,869
Participants with balances867
Active participants794
Employer contributions—
Employee contributions$4,473,787
Employer contribution per active participant—
Average account balance$18,838
Benefits paid to participants$3,883,489
Plan auditUnmodified (clean) audit opinion
AuditorFARBER, BLICHT, EYERMAN & HERZOG, L
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 455 accts
2023$16.3M · 867 accts
2022$12.9M · 1,208 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$70,358
Investment management$38,401
Total administrative$108,759
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK · Recordkeeping · Loan processing$73,472
TIMESCALE FINANCIAL, INC. · Investment advisory (participants) · Investment advisory (plan)$35,287

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$67,103 · 0.48%
2023$108,759 · 0.74%
2022$109,596 · 0.86%
Similar plansRetail Trade · New York
Maguire Automotive, LLC NY$17.1M · 0.33%
Davidson Chevrolet, Inc. NY$17.0M · 0.34%
Joe Basil Chevrolet NY$16.9M · 0.41%
Ro-Zap Enterprises, Inc. NY$16.3M · 0.51%
Williams Lumber Inc. NY$16.1M · 0.35%
Simmons Rockwell NY$16.0M · 0.51%
Hauser & Wirth, Inc. NY$15.9M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 901112566 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.