Hinge Health, Inc. 401(k) Review & Grade
Hinge Health, Inc. 401(k) Plan
San Francisco, CAProfessional, Scientific & Technical Services1,370 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,344Employer $ per active participant
$9,695Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$75.6MNet plan assets, end of year
$45,751Average balance per account
Score breakdown
- Employer generosity19.4 / 5039th percentile for employer $ per participant
- Low cost7.6 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 31th |
| Employee saving | 56th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($610,208 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $25,653 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hinge Health put in about $2,344 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.40% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,211,853 |
| Participant (employee) contributions | $13,286,518 |
| Other contributions (incl. rollovers in) | $3,372,154 |
| Administrative expenses paid from the plan | $261,154 |
| Investment advisory & management fees | $111,624 |
| Benefits paid out | $8,218,408 |
| Net assets, start / end of year | $55.4M / $75.6M |
| Active participants, start / end of year | 1,441 / 1,300 |
| Participants with account balances | 1,652 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $149,530 reported compensation |
| Empower Advisory Group, LLC | $81,629 reported compensation |
| World Investment Advisors LLC | $29,995 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014105652NAL0002682945001, received 2025-10-14, EIN 81-1884841, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.