Employers › WorkFusion
Recordkeeping fees per participant · Workfusion, Inc. 401(k) Plan · plan year 2024
$17.48
Higher than 17% of the 7,477 plans $1 to 10M that report it.
= $2,185 / 125
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250801054254NAL0006907937001, received 2025-08-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250801054254NAL0006907937001, received 2025-08-01
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 2025-08-01.
Administrative expenses excluding investment management, per participant
$17.48
Higher than 13% of the 14,713 plans $1 to 10M that report it.
= $2,185 / 125
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250801054254NAL0006907937001, received 2025-08-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250801054254NAL0006907937001, received 2025-08-01
Administrative expenses per participant
$189.99
Higher than 60% of the 15,210 plans $1 to 10M that report it.
= $23,749 / 125
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250801054254NAL0006907937001, received 2025-08-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250801054254NAL0006907937001, received 2025-08-01
Administrative expenses as a share of assets
0.253%
Higher than 27% of the 15,243 plans $1 to 10M that report it.
= $23,749 / $9,378,495
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250801054254NAL0006907937001, received 2025-08-01
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250801054254NAL0006907937001, received 2025-08-01
Employer contributions per participant
$4,296
Higher than 97% of the 13,342 plans $1 to 10M that report it.
= $537,040 / 125
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250801054254NAL0006907937001, received 2025-08-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250801054254NAL0006907937001, received 2025-08-01
Employer share of total contributions
32.6%
Higher than 63% of the 13,370 plans $1 to 10M that report it.
= $537,040 / $1,645,536
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250801054254NAL0006907937001, received 2025-08-01
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250801054254NAL0006907937001, received 2025-08-01
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250801054254NAL0006907937001, received 2025-08-01
| Field | Value | Source |
|---|---|---|
| Plan sponsor | WORKFUSION, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Plan name | WORKFUSION, INC. 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Sponsor EIN / plan number | 45-4148571 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Sponsor location | NEW YORK, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Industry (business code) | 541519, Professional, scientific, and technical services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Filing received | 2025-08-01 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Participants, beginning of year | 154 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Active participants | 72 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Participants, end of year | 135 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Participants with an account balance | 125 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Total assets, beginning of year | $7,826,217 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Total assets, end of year | $9,378,495 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Net assets, end of year | $9,378,495 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Total income | $2,811,881 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Net income | $1,553,059 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Employer contributions | $537,040 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Participant contributions | $1,108,496 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Total contributions | $1,645,536 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Benefit payments | $1,235,073 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Total expenses (incl. benefit payments) | $1,258,822 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Total administrative expenses | $23,749 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Recordkeeping fees | $2,185 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Investment advisory and management fees | $21,564 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Administrative expenses excluding investment management | $2,185 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Held in common/collective trusts | $275,357 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Held in mutual funds | $8,977,222 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250801054254NAL0006907937001, received 2025-08-01 |
| Independent auditor | WITHUM SMITH & BROWN PC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250801054254NAL0006907937001, received 2025-08-01 |
Position = column in the DOL layout for form year 2024. Filing 20250801054254NAL0006907937001, received 2025-08-01.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| RESOURCES INVESTMENT ADVISORS, INC.recordkeeper | CONSULTANT | 15 Recordkeeping and information management; 21 Trustee (bank, trust company or similar); 49 Other services; 50 Direct payment from the plan; 64 Recordkeeping fees; 99 Other fees | $21,564 | no |
| ADP, INC.recordkeeper | RECORD KEEPER | 37 Participant loan processing; 50 Direct payment from the plan; 15 Recordkeeping and information management; 64 Recordkeeping fees | $2,185 | yes |
| MORNINGSTAR RETIREMENT MANAGER | INVESTMENT MANAGER | 26 Investment advisory (participants); 27 Investment advisory (plan); 28 Investment management | $0 | yes |
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 20250801054254NAL0006907937001, received 2025-08-01.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $7,826,217 | $9,378,495 | 19.8% |
| Participants with a balance | 137 | 125 | -8.8% |
| Administrative expenses | $15,051 | $23,749 | 57.8% |
| Recordkeeping fees per participant | $12.26 | $17.48 | 42.5% |
| Employer contributions | $794,891 | $537,040 | -32.4% |
Prior filing 20241007064314NAL0014852785001, received 2024-10-07; the plan years are contiguous.
Sponsor name as filed: WORKFUSION, INC.; SEC registrant: WorkFusion, Inc. (CIK 1608200, matched by EIN).