401k Record

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Hometap Equity Partners 401(k)

Recordkeeping fees per participant · Hometap Equity Partners 401(k) Plan · plan year 2024

$16.37

Higher than 16% of the 14,075 plans $10 to 50M that report it.

Source

= $5,417 / 331
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250722144817NAL0007338786001, received 2025-07-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250722144817NAL0007338786001, received 2025-07-22

10th: $10.53median $83.9490th: $217.08

Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-22.

Cost and contributions

Administrative expenses excluding investment management, per participant

$16.37

10th: $15.36median $118.8890th: $340.63

Higher than 11% of the 24,371 plans $10 to 50M that report it.

Source

= $5,417 / 331
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250722144817NAL0007338786001, received 2025-07-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250722144817NAL0007338786001, received 2025-07-22

Administrative expenses per participant

$16.43

10th: $26.86median $197.2590th: $456.10

Higher than 6% of the 25,098 plans $10 to 50M that report it.

Source

= $5,438 / 331
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250722144817NAL0007338786001, received 2025-07-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250722144817NAL0007338786001, received 2025-07-22

Administrative expenses as a share of assets

0.042%

10th: 0.035%median 0.289%90th: 0.599%

Higher than 12% of the 25,132 plans $10 to 50M that report it.

Source

= $5,438 / $12,945,078
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250722144817NAL0007338786001, received 2025-07-22
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250722144817NAL0007338786001, received 2025-07-22

Employer contributions per participant

$2,907

10th: $664median $2,07490th: $4,751

Higher than 71% of the 24,050 plans $10 to 50M that report it.

Source

= $962,376 / 331
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250722144817NAL0007338786001, received 2025-07-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250722144817NAL0007338786001, received 2025-07-22

Employer share of total contributions

24.8%

10th: 13.1%median 27.9%90th: 45.2%

Higher than 39% of the 24,084 plans $10 to 50M that report it.

Source

= $962,376 / $3,878,385
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250722144817NAL0007338786001, received 2025-07-22
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250722144817NAL0007338786001, received 2025-07-22

Plan terms, as stated in Hometap Equity Partners, LLC's SEC filings

Plan terms are not published in public filings.

Plan features

2A age/service-weighted · 2E profit-sharing · 2J 401(k) feature · 2K 401(m) arrangement · 2F ERISA 404(c) plan · 2G fully participant-directed · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250722144817NAL0007338786001, received 2025-07-22

Full record, Hometap Equity Partners 401(k) Plan

FieldValueSource
Plan sponsorHOMETAP EQUITY PARTNERS LLCForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250722144817NAL0007338786001, received 2025-07-22
Plan nameHOMETAP EQUITY PARTNERS 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20250722144817NAL0007338786001, received 2025-07-22
Sponsor EIN / plan number82-3844831 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250722144817NAL0007338786001, received 2025-07-22
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250722144817NAL0007338786001, received 2025-07-22
Sponsor locationBOSTON, MAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250722144817NAL0007338786001, received 2025-07-22
Industry (business code)523900, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250722144817NAL0007338786001, received 2025-07-22
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250722144817NAL0007338786001, received 2025-07-22
Filing received2025-07-22Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250722144817NAL0007338786001, received 2025-07-22
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250722144817NAL0007338786001, received 2025-07-22
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250722144817NAL0007338786001, received 2025-07-22
Participants, beginning of year237Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250722144817NAL0007338786001, received 2025-07-22
Active participants248Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250722144817NAL0007338786001, received 2025-07-22
Participants, end of year345Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250722144817NAL0007338786001, received 2025-07-22
Participants with an account balance331Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250722144817NAL0007338786001, received 2025-07-22
Total assets, beginning of year$8,806,477Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250722144817NAL0007338786001, received 2025-07-22
Total assets, end of year$12,945,078Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250722144817NAL0007338786001, received 2025-07-22
Net assets, end of year$12,945,078Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250722144817NAL0007338786001, received 2025-07-22
Total income$5,184,264Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250722144817NAL0007338786001, received 2025-07-22
Net income$4,138,601Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250722144817NAL0007338786001, received 2025-07-22
Employer contributions$962,376Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250722144817NAL0007338786001, received 2025-07-22
Participant contributions$2,227,529Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250722144817NAL0007338786001, received 2025-07-22
Other contributions (incl. rollovers)$688,480Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250722144817NAL0007338786001, received 2025-07-22
Total contributions$3,878,385Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250722144817NAL0007338786001, received 2025-07-22
Benefit payments$1,040,225Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250722144817NAL0007338786001, received 2025-07-22
Total expenses (incl. benefit payments)$1,045,663Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250722144817NAL0007338786001, received 2025-07-22
Total administrative expenses$5,438Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250722144817NAL0007338786001, received 2025-07-22
Recordkeeping fees$5,417Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250722144817NAL0007338786001, received 2025-07-22
Investment advisory and management fees$21Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250722144817NAL0007338786001, received 2025-07-22
Administrative expenses excluding investment management$5,417derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250722144817NAL0007338786001, received 2025-07-22
Held in mutual funds$12,638,321Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250722144817NAL0007338786001, received 2025-07-22
Independent auditorHALLOWELL 401(K) ASSURANCE, LLCSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250722144817NAL0007338786001, received 2025-07-22

Position = column in the DOL layout for form year 2024. Filing 20250722144817NAL0007338786001, received 2025-07-22.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
BETTERMENT FOR BUSINESS, LLCrecordkeeperRECORDKEEPER 27 Investment advisory (plan); 64 Recordkeeping fees $5,438no

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250722144817NAL0007338786001, received 2025-07-22.

What changed since the 2023 plan year

Figure20232024Change
Total assets$8,806,477$12,945,07847.0%
Participants with a balance23233142.7%
Administrative expenses$673$5,438708.0%
Recordkeeping fees per participant$2.90$16.37464.2%
Employer contributions$736,016$962,37630.8%

Prior filing 20240905161234NAL0035310672001, received 2024-09-05; the plan years are contiguous.

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Sponsor name as filed: HOMETAP EQUITY PARTNERS LLC; SEC registrant: Hometap Equity Partners, LLC (CIK 1796130, matched by EIN).