Plan Ledger DOL Form 5500 · updated monthly

Onion, Inc.401(k)

ONION, INC. SAVINGS & RETIREMENT PLAN · NEW YORK, NY · plan year 2023

Reported admin expense ratio · 2023
0.58%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Onion, Inc. reported $31,410 in plan administrative expenses for 2023: 0.58% of average plan assets, above the peer median. Employer contributions averaged $1,047 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 3 years on file its reported administrative ratio has held roughly steady near 0.48%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in New York (4,347th of 5,648), and 1,838th of 2,199 in information & media. In 2023, employees put in $5.97 for every $1.00 the employer contributed; active participation has shrunk from 59 to 46 since 2022.

Plan summary
Net assets, end of year$5,668,059
Participants with balances120
Active participants46
Employer contributions$48,140
Employee contributions$287,407
Employer contribution per active participant$1,047
Average account balance$47,234
Benefits paid to participants$822,930
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.1M · 81 accts
2023$5.7M · 120 accts · $48K emplr
2022$5.2M · 139 accts · $57K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$14,379
Investment management$17,031
Total administrative$31,410
The Onion, Inc. 401(k) match · 2023
Employer contribution per active participant$1,047
Median for plans this size$1,308
2023$1,047 per active participant
2022$973 per active participant

Onion, Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$14,379
NORTHWESTERN MUTUAL WEALTH MGMT CO · Investment advisory (plan)$12,841

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$23,390 · 0.48%
2023$31,410 · 0.58%
2022$28,534 · 0.50%
Similar plansInformation & Media · New York
Bamtech, LLC NY$6.2M · 0.01%
Ocrolus Inc. NY$6.2M · 0.19%
Schvey Inc. NY$6.0M · 0.12%
Daily Gazette Co., Inc. NY$5.5M · 0.30%
Hypebeast Inc NY$4.9M · 0.16%
Time Out America, LLC NY$4.8M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391681204 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.