Plan Ledger DOL Form 5500 · updated monthly

Wework Management LLC401(k)

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

Reported admin expense ratio · 2024
0.15%

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

Wework Management LLC reported $233,844 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $0 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 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 565th-largest of 5,648 plans among New York employers on file, and the 75th of 2,096 in real estate & leasing. active participation has shrunk from 1,879 to 1,320 since 2022.

Plan summary
Net assets, end of year$161,776,963
Participants with balances3,050
Active participants1,320
Employer contributions$0
Employee contributions$9,786,988
Employer contribution per active participant$0
Average account balance$53,042
Benefits paid to participants$23,796,370
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$161.8M · 3,050 accts
2023$152.4M · 3,492 accts
2022$140.6M · 4,051 accts · $4.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$119,213
Audit (IQPA)$31,395
Total administrative$233,844
The Wework Management LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$3,635

Wework Management LLC's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$119,211
MOSS ADAMS LLP · Accounting / audit$31,395

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$233,844 · 0.15%
2023$269,872 · 0.18%
2022$219,288 · 0.14%
Same employer
Similar plansReal Estate & Leasing · New York
Pentegra Services, Inc. NY$192.1M · 0.76%
Compass, Inc. NY$172.2M · 0.18%
Clarion Partners, LLC NY$166.8M · 0.08%
W. P. Carey Management LLC NY$108.9M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273869551 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.