Plan Ledger DOL Form 5500 · updated monthly

Warner Bros. Discovery, Inc.401(k)

WARNER BROS. DISCOVERY 401(K) SAVINGS PLAN · NEW YORK, NY · plan year 2025

Reported admin expense ratio · 2025
0.03%

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

Warner Bros. Discovery, Inc. reported $2,580,596 in plan administrative expenses for 2025: 0.03% of average plan assets, below the peer median. Employer contributions averaged $8,460 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 2 years on file its reported administrative ratio fell from 0.04% to 0.03%. The plan sits in the over $1B size bracket, benchmarked here against 141 comparable plans and shown alongside other management of companies employers. By assets it is the 11th-largest of 5,648 plans among New York employers on file, and the 6th of 786 in management of companies. In 2025, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,209,517,843
Participants with balances37,932
Active participants16,676
Employer contributions$141,084,758
Employee contributions$218,102,368
Employer contribution per active participant$8,460
Average account balance$242,790
Benefits paid to participants$845,610,515
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2025$9.2B · 37,932 accts · $141.1M emplr
2024$8.1B · 39,022 accts · $146.6M emplr
2023$7.6B · 36,816 accts · $176.3M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$1,163,475
Investment management$1,130,265
Audit (IQPA)$44,626
Total administrative$2,580,596
The Warner Bros. Discovery, Inc. 401(k) match · 2025
Employer contribution per active participant$8,460
Median for plans this size$5,084
2025$8,460 per active participant
2024$8,360 per active participant
2023$9,733 per active participant

Warner Bros. Discovery, Inc.'s 2025 employer contribution ran above the $5,084 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20255
FID INV INST OPS CO · Loan processing$1,163,475
FINANCIAL ENGINES · Investment advisory (plan)$1,130,265
GROOM LAW GROUP · Legal$242,230
MOSS ADAMS LLP · Accounting / audit$40,163
BAKER TILLY · Accounting / audit$4,463

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

Administrative cost history3
2025$2,580,596 · 0.03%
2024$2,236,115 · 0.03%
2023$2,589,060 · 0.04%
Same employer
Similar plansManagement of Companies · New York
Wells Fargo & Company CA$57.9B · 0.02%
The Allstate Corporation TX$7.6B · 0.11%
Warner Media, LLC NY$6.7B · 0.02%
State Street Corporation MA$6.5B · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352333914 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.