Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Ascend Wellness Holdings
Ascend Wellness Holdings 401(k)
- AAWH OTC
- Agriculture, forestry, fishing and hunting
- New York, NY
- EIN 83-0602006
- 1 plan with Schedule H financials
- Plan year 2024
- Ascend Wellness Holdings, Inc.
- filed as Ascend Wellness Holdings, LLC
Administrative expenses excluding investment management, per participant · Ascend Wellness Holdings 401(k) Plan · plan year 2024
$44.21
Higher than 29% of the 14,713 plans $1 to 10M that report it.
Source
= $142,003 / 3,212
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015070916NAL0008415762001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015070916NAL0008415762001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-15.
Cost and contributions
Administrative expenses per participant
$44.21
Higher than 21% of the 15,210 plans $1 to 10M that report it.
Source
= $142,003 / 3,212
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015070916NAL0008415762001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015070916NAL0008415762001, received 2025-10-15
Administrative expenses as a share of assets
1.626%
Higher than 96% of the 15,243 plans $1 to 10M that report it.
Source
= $142,003 / $8,731,938
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015070916NAL0008415762001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015070916NAL0008415762001, received 2025-10-15
Employer contributions per participant
$159
Higher than 4% of the 13,342 plans $1 to 10M that report it.
Source
= $509,731 / 3,212
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015070916NAL0008415762001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015070916NAL0008415762001, received 2025-10-15
Employer share of total contributions
11.1%
Higher than 9% of the 13,370 plans $1 to 10M that report it.
Source
= $509,731 / $4,608,871
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015070916NAL0008415762001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015070916NAL0008415762001, received 2025-10-15
Plan terms, as stated in Ascend Wellness Holdings, Inc.'s SEC filings
Plan terms are described in Ascend Wellness Holdings, Inc.'s SEC filings: Form 10-K filed 2026-03-12. No term could be quoted from them with the required precision.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2T default investment (QDIA) · 3D IRS pre-approved plan · 2K 401(m) arrangement · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015070916NAL0008415762001, received 2025-10-15
Full record, Ascend Wellness Holdings 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | ASCEND WELLNESS HOLDINGS, LLC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Plan name | ASCEND WELLNESS HOLDINGS 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Sponsor EIN / plan number | 83-0602006 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Sponsor location | NEW YORK, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Industry (business code) | 111900, Agriculture, forestry, fishing and hunting | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Participants, beginning of year | 3,211 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Active participants | 1,999 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Participants, end of year | 3,310 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Participants with an account balance | 3,212 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Total assets, beginning of year | $5,694,438 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Total assets, end of year | $8,731,938 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Net assets, end of year | $8,731,938 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Total income | $5,479,714 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Net income | $3,037,500 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Employer contributions | $509,731 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Participant contributions | $3,982,328 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $116,812 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Total contributions | $4,608,871 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Benefit payments | $2,254,888 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $2,442,214 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Total administrative expenses | $142,003 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Contract administrator fees | $142,003 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Administrative expenses excluding investment management | $142,003 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Held in mutual funds | $8,360,657 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015070916NAL0008415762001, received 2025-10-15 |
| Independent auditor | MGO CPA | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015070916NAL0008415762001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015070916NAL0008415762001, received 2025-10-15.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PCS RETIREMENT LLCrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 15 Recordkeeping and information management; 16 Consulting (general); 17 Consulting (pension); 36 Copying and duplicating; 37 Participant loan processing; 38 Participant communication; 64 Recordkeeping fees | $142,003 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015070916NAL0008415762001, received 2025-10-15.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $5,694,438 | $8,731,938 | 53.3% |
| Participants with a balance | 2,443 | 3,212 | 31.5% |
| Administrative expenses | $71,392 | $142,003 | 98.9% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | not reported | $509,731 |
Prior filing 20241029051921NAL0004285185001, received 2024-10-29; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: ASCEND WELLNESS HOLDINGS, LLC; SEC registrant: Ascend Wellness Holdings, Inc. (CIK 1756390, matched by EIN; display name from the Form 10-K cover).