Retirement plan

WARNER MUSIC GROUP 401(K) PLAN

Name: WARNER MUSIC GROUP - WARNER MUSIC GROUP 401(K) PLAN (2020) Form 5500
Creator: WARNER MUSIC GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WARNER MUSIC GROUP 401(K) PLAN, WARNER MUSIC GROUP

WARNER MUSIC GROUPEIN 13-3565869Plan #001PY 2020

1633 BROADWAY, 7FLOOR - NEW YORK, NY 10019212-275-1426wmg.comLinkedIn1001-5000 employeesentertainment

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$323.5M

-8.4% from 2016

Total participants

2,696

-1.0% from 2016

Average account balance

$124,420

-6.4% from 2016

Annual return

18.11%

-8.20 pp from 2016

Benchmarks

See 120 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants1,000-4,999

Cohort120 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$446.35M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$141K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

3,176

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$35.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.26%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$129

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS6+ years Filed as: NEWPORT CAPITAL GROUP Service code 27 · EIN 37-6572947	Advisory (Plan)	$93,093
STRATEGIC ADVISORS, INC.6+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$81,821
THE WAGNER LAW GROUP4 years Service code 16 · EIN 04-3323315	Consulting	$5,629
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	-$95,392

Plan features & details

Pension benefit codes2F2H2J2K2S2T3I

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$85K

$44 / participant

Investment mgmt$82K96.1%
Other / not subdivided$3K3.9%

% of EOY assets

0.026%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KPMG
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$124,420

$53,932+130.7%

$134,162-7.3%

$90,274+37.8%

Participation rate

95.1%

60.4%+34.7pp

72.2%+22.9pp

73.4%+21.7pp

Annual return

18.11%

23.16%-5.0pp

36.35%-18.2pp

53.97%-35.9pp

Employer contribution / active EE

$2,131

$1,611+32.3%

$3,705-42.5%

$2,523-15.6%

Participant deferral / active EE

$7,099

$2,432+191.9%

$3,500+102.9%

$4,231+67.8%

Admin fee / account holder

$33

$104-68.4%

$6,685-99.5%

$114-71.3%

Provider

Service type

Compensation

AMERICAN FUNDS6+ years

Filed as: NEWPORT CAPITAL GROUP

Service code 27 · EIN 37-6572947

Advisory (Plan)

$93,093

STRATEGIC ADVISORS, INC.6+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$81,821

THE WAGNER LAW GROUP4 years

Service code 16 · EIN 04-3323315

Consulting

$5,629

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$95,392

WARNER MUSIC GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WARNER MUSIC GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion