# Workplace Options, LLC 401(k) Plan
Source: https://planprovider.pro/companies/workplace-options-llc-401k-plan

> Workplace Options, LLC's 401(k) plan: 391 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Workplace Options, LLC

- **Sponsor EIN:** 202699271

- **Sponsor Address:** 3020 HIGHWOODS BOULEVARD, RALEIGH, NC, 27604

- **Plan Type:** 401(k)

- **Total Participants:** 391

- **Total Assets:** $20.8M

## 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|391|$20.8M|$822,996|$1.6M|

| 2023|380|$18.4M|$941,111|$1.5M|

| 2022|350|$14.2M|$771,054|$1.2M|

| 2020|392|$15.0M|$0|$0|

## 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|

| ASCENSUS LLC|NONE|$58,854|—|$58,854|

| GALLAGHER FIDUCIARY ADVISORS|NONE|$26,619|—|$26,619|

| CHERRY BEKAERT LLP|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $85,473

- **Estimated Expense Ratio:** 0.412% 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|$85,473|$26,619|$58,854|—|—|

| 2023|$71,010|$21,514|$49,496|—|—|

| 2022|$59,468|$17,090|$42,378|—|—|

| 2020|$64,894|$27,714|—|—|—|

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