Plan Snapshot
- Plan Sponsor: Warner Music Group
- Sponsor EIN: 133565869
- Sponsor Address: 1633 BROADWAY, NEW YORK, NY, 10019
- Plan Type: 401(k)
- Total Participants: 2,173
- Total Assets: $446.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,173 | $446.3M | $10.0M | $25.1M |
| 2023 | 2,247 | $404.4M | $9.5M | $23.6M |
| 2022 | 2,207 | $339.4M | $8.4M | $20.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $151,991 | — | $151,991 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $151,239 | — | $151,239 |
| NEWPORT CAPITAL GROUP | INVESTMENT ADVISOR | $75,826 | — | $75,826 |
| THE WAGNER LAW GROUP | ATTORNEY/LEGAL | $29,911 | — | $29,911 |
| WITHUMSMITHANDBROWN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- THE WAGNER LAW GROUP — ATTORNEY/LEGAL
- WITHUMSMITHANDBROWN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $408,967
- Estimated Expense Ratio: 0.092% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $408,967 | $227,817 | $1,200 | — | — |
| 2023 | $278,486 | $113,915 | $300 | — | — |
| 2022 | $238,245 | $126,250 | — | — | — |