Plan Ledger DOL Form 5500 · updated monthly

Warner Music Group401(k)

WARNER MUSIC GROUP 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Warner Music Group reported $408,967 in plan administrative expenses for 2024: 0.10% of average plan assets, above the peer median. Employer contributions averaged $4,580 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 rose from 0.07% to 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 242nd-largest of 5,648 plans among New York employers on file, and the 22nd of 1,311 in arts, entertainment & recreation. In 2024, employees put in $2.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$446,347,508
Participants with balances3,176
Active participants2,173
Employer contributions$9,953,314
Employee contributions$25,140,904
Employer contribution per active participant$4,580
Average account balance$140,538
Benefits paid to participants$54,816,345
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITHANDBROWN
Plan history3
Yearassets · accounts · employer contribution
2024$446.3M · 3,176 accts · $10.0M emplr
2023$404.4M · 3,154 accts · $9.5M emplr
2022$339.4M · 3,051 accts · $8.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$151,239
Investment management$227,817
Total administrative$408,967
The Warner Music Group 401(k) match · 2024
Employer contribution per active participant$4,580
Median for plans this size$4,294
2024$4,580 per active participant
2023$4,216 per active participant
2022$3,795 per active participant

Warner Music Group's 2024 employer contribution ran above the $4,294 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$151,991
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$151,239
NEWPORT CAPITAL GROUP · Investment advisory (plan)$75,826
THE WAGNER LAW GROUP · Legal$29,911

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$408,967 · 0.10%
2023$278,486 · 0.07%
2022$238,245 · 0.07%
Same employer
Similar plansArts, Entertainment & Recreation · New York
Msg Entertainment Group, LLC NY$251.3M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133565869 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.