Plan Snapshot
- Plan Sponsor: Opendoor Labs INC.
- Sponsor EIN: 464975399
- Sponsor Address: 410 NORTH SCOTTSDALE ROAD, SUITE 16, TEMPE, AZ, 85288
- Plan Type: 401(k)
- Total Participants: 1,130
- Total Assets: $67.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,130 | $67.5M | $925,625 | $11.3M |
| 2023 | 1,675 | $61.3M | $0 | $14.1M |
| 2022 | 2,471 | $46.8M | $0 | $16.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $136,744 | — | $136,744 |
| SAGEVIEW ADVISORY GROUP, LLC | INVESTMENT MGMT | $21,228 | — | $21,228 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $157,972
- Estimated Expense Ratio: 0.234% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $157,972 | $21,228 | — | — | — |
| 2023 | $145,141 | $12,499 | — | — | — |
| 2022 | $118,644 | — | $118,644 | — | — |