Plan Ledger DOL Form 5500 · updated monthly

When I Work, Inc.401(k)

WHEN I WORK, INC. 401(K) PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

When I Work, Inc. reported $59,305 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $4,894 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 0.40% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Minnesota (1,114th of 1,918), and 1,273rd of 2,199 in information & media. In 2024, employees put in $3.17 for every $1.00 the employer contributed; active participation has shrunk from 183 to 104 since 2022.

Plan summary
Net assets, end of year$13,976,961
Participants with balances178
Active participants104
Employer contributions$509,003
Employee contributions$1,612,657
Employer contribution per active participant$4,894
Average account balance$78,522
Benefits paid to participants$3,254,688
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.0M · 178 accts · $509K emplr
2023$13.2M · 204 accts · $603K emplr
2022$10.3M · 224 accts · $734K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,305
Total administrative$59,305
The When I Work, Inc. 401(k) match · 2024
Employer contribution per active participant$4,894
Median for plans this size$2,416
2024$4,894 per active participant
2023$4,184 per active participant
2022$4,012 per active participant

When I Work, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$59,305
MMA SECURITES LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$59,305 · 0.44%
2023$49,333 · 0.42%
2022$40,808 · 0.40%
Same employer
Similar plansInformation & Media · Minnesota
Sezzle, Inc. MN$20.7M · 0.48%
Field Nation, LLC MN$16.7M · 0.52%
Episource LLC MN$14.8M · 0.57%
Ourfamilywizard, LLC MN$8.8M · 0.46%
Qumu Corporation MN$8.4M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464155806 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.