Plan Ledger DOL Form 5500 · updated monthly

Sermo, Inc.401(k)

WORLDONE 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Sermo, Inc. reported $35,061 in plan administrative expenses for 2024: 0.36% of average plan assets, below the peer median. Employer contributions averaged $4,961 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 7 years on file its reported administrative ratio fell from 0.50% to 0.36%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in New York (3,470th of 5,648), and 1,442nd of 2,199 in information & media. In 2024, employees put in $2.67 for every $1.00 the employer contributed; active participation has grown from 61 to 101 since 2017.

Plan summary
Net assets, end of year$11,067,673
Participants with balances226
Active participants101
Employer contributions$501,053
Employee contributions$1,339,332
Employer contribution per active participant$4,961
Average account balance$48,972
Benefits paid to participants$1,059,535
Plan auditUnmodified (clean) audit opinion
AuditorCITRIN COOPERMAN & CO., LLP
Plan history7
Yearassets · accounts · employer contribution
2024$11.1M · 226 accts · $501K emplr
2023$8.6M · 220 accts · $541K emplr
2022$6.4M · 196 accts · $443K emplr
2020$5.2M · 144 accts · $179K emplr
2019$4.0M · 141 accts · $132K emplr
2018$3.2M · 129 accts · $137K emplr
2017$3.6M · 134 accts · $123K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,174
Investment management$24,887
Total administrative$35,061
The Sermo, Inc. 401(k) match · 2024
Employer contribution per active participant$4,961
Median for plans this size$1,313
2024$4,961 per active participant
2023$4,660 per active participant
2022$3,689 per active participant
2020$2,976 per active participant
2019$2,591 per active participant

Sermo, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$10,174
GALLAGHER FIDUCIARY ADVISORS · Investment advisory (plan)$24,887

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history7
2024$35,061 · 0.36%
2023$30,385 · 0.40%
2022$26,493 · 0.39%
2020$13,929 · 0.30%
2019$13,332 · 0.37%
2018$20,652 · 0.60%
2017$16,756 · 0.50%
Similar plansInformation & Media · New York
Soundcloud, Inc. NY$11.3M · 0.51%
Wgsn, LLC NY$10.8M · 0.17%
Takeone Network LLC NY$10.7M · 0.33%
Abelcine Management LLC NY$10.6M · 0.73%
Astronomer, Inc. NY$10.5M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203980356 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.