Employers › Warner Music Group
Recordkeeping fees per participant · Warner Music Group 401(k) Plan · plan year 2024
$47.24
Higher than 46% of the 1,697 plans $250M to 1B that report it.
= $150,039 / 3,176
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015083020NAL0002024627001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015083020NAL0002024627001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans $250M to 1B 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.
Administrative expenses excluding investment management, per participant
$57.04
Higher than 39% of the 2,324 plans $250M to 1B that report it.
= $181,150 / 3,176
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015083020NAL0002024627001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015083020NAL0002024627001, received 2025-10-15
Administrative expenses per participant
$128.77
Higher than 74% of the 2,405 plans $250M to 1B that report it.
= $408,967 / 3,176
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015083020NAL0002024627001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015083020NAL0002024627001, received 2025-10-15
Administrative expenses as a share of assets
0.092%
Higher than 62% of the 2,407 plans $250M to 1B that report it.
= $408,967 / $446,347,508
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015083020NAL0002024627001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015083020NAL0002024627001, received 2025-10-15
Employer contributions per participant
$3,134
Higher than 51% of the 2,457 plans $250M to 1B that report it.
= $9,953,314 / 3,176
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015083020NAL0002024627001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015083020NAL0002024627001, received 2025-10-15
Employer share of total contributions
25.6%
Higher than 32% of the 2,459 plans $250M to 1B that report it.
= $9,953,314 / $38,932,094
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015083020NAL0002024627001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015083020NAL0002024627001, received 2025-10-15
Plan terms are not published in public filings.
2T default investment (QDIA) · 3I · 2F ERISA 404(c) plan · 2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015083020NAL0002024627001, received 2025-10-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | WARNER MUSIC GROUP | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Plan name | WARNER MUSIC GROUP 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Sponsor EIN / plan number | 13-3565869 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Sponsor location | NEW YORK, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Industry (business code) | 711100, Arts, entertainment, and recreation | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015083020NAL0002024627001, 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 20251015083020NAL0002024627001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Participants, beginning of year | 3,241 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Active participants | 2,173 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Participants, end of year | 3,271 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Participants with an account balance | 3,176 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Total assets, beginning of year | $404,355,731 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Total assets, end of year | $446,347,508 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Net assets, end of year | $446,347,508 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Total income | $97,253,127 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Net income | $41,993,231 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Employer contributions | $9,953,314 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Participant contributions | $25,140,904 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $3,837,876 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Total contributions | $38,932,094 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Benefit payments | $54,816,345 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $55,259,896 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Total administrative expenses | $408,967 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Contract administrator fees | $1,200 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Recordkeeping fees | $150,039 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Investment advisory and management fees | $227,817 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Administrative expenses excluding investment management | $181,150 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Held in common/collective trusts | $148,872,612 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Held in mutual funds | $271,015,491 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015083020NAL0002024627001, received 2025-10-15 |
| Independent auditor | WITHUMSMITHANDBROWN | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015083020NAL0002024627001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015083020NAL0002024627001, received 2025-10-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $151,991 | no |
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 64 Recordkeeping fees; 65 Account maintenance fees | $151,239 | yes |
| NEWPORT CAPITAL GROUP | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $75,826 | no |
| THE WAGNER LAW GROUP | ATTORNEY/LEGAL | 29 Legal | $29,911 | 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 20251015083020NAL0002024627001, received 2025-10-15.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $404,355,731 | $446,347,508 | 10.4% |
| Participants with a balance | 3,154 | 3,176 | 0.7% |
| Administrative expenses | $278,486 | $408,967 | 46.9% |
| Recordkeeping fees per participant | $48.55 | $47.24 | -2.7% |
| Employer contributions | $9,472,443 | $9,953,314 | 5.1% |
Prior filing 20241007095147NAL0025888976001, received 2024-10-07; the plan years are contiguous.
Sponsor name as filed: WARNER MUSIC GROUP; SEC registrant: Warner Music Group Inc (CIK 1309952, matched by EIN).