Plan Ledger DOL Form 5500 · updated monthly

Whip Networks, Inc.401(k)

WHIP MEDIA GROUP 401(K) PLAN · SANTA MONICA, CA · plan year 2023

Reported admin expense ratio · 2023
0.03%

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

Whip Networks, Inc. reported $2,205 in plan administrative expenses for 2023: 0.03% of average plan assets, lower than ~75% of peers. 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 2 years on file its reported administrative ratio fell from 0.16% to 0.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in California (6,294th of 9,483), and 1,711th of 2,199 in information & media. active participation has shrunk from 126 to 95 since 2022.

Plan summary
Net assets, end of year$7,109,848
Participants with balances139
Active participants95
Employer contributions$0
Employee contributions$1,110,278
Employer contribution per active participant$0
Average account balance$51,150
Benefits paid to participants$691,772
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.9M · 97 accts
2023$7.1M · 139 accts
2022$5.5M · 144 accts · $25K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,205
Total administrative$2,205
The Whip Networks, Inc. 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$1,308

Whip Networks, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$2,205

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$5,895 · 0.08%
2023$2,205 · 0.03%
2022$8,819 · 0.16%
Similar plansInformation & Media · California
Teutonic Holdings, LLC CA$7.4M · 0.07%
Agm California Inc CA$7.4M · 0.15%
Swiftly, Inc CA$7.4M · 0.21%
Health Data Vision, Inc. CA$7.3M · 0.24%
Nile Global, Inc CA$7.1M · 0.10%
Autofi, Inc. CA$7.1M · 0.13%
Orbital Insight, Inc. CA$6.9M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510632464 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.