Workplace Options 401(k) match, vesting and fees
What Workplace Options' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Ascensus LLC | Schedule C ↗ |
| Independent auditor | Cherry Bekaert LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,380 defined-contribution plans in health care and social assistance with 500 to 999 participants.
| Workplace Options: employer contribution per participant | $1,417 | |
| Peer median | $1,337 |
| Workplace Options: average balance | $35,743 | |
| Peer median | $35,764 |
| Workplace Options: admin expenses ÷ assets | 0.44% | |
| Peer median | 0.32% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $16.7M at the end of plan year 2021 to $20.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 615 | $20.8M | $823K | $1,417 | 0.44% | Not published | Form 5500 ↗ |
| 2023 | 575 | $18.4M | $941K | $1,746 | 0.44% | Not published | Form 5500 ↗ |
| 2022 | 513 | $14.2M | $771K | $1,606 | 0.39% | Not published | Form 5500 ↗ |
| 2021 | 543 | $16.7M | $741K | $1,444 | 0.36% | Not published | Form 5500 ↗ |
Other Workplace Options plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Workplace Options, LLC Government Contractors Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Ascensus LLC | Schedule C ↗ |
| Independent auditor | Cherry Bekaert LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
Common questions
Does Workplace Options match 401(k) contributions?
The match terms for the Workplace Options, LLC Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $823K in employer contributions, about $1,417 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Workplace Options 401(k) match vested?
The vesting schedule for the Workplace Options, LLC Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Workplace Options 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Ascensus LLC. The plan administrator is Workplace Options, LLC.
I left Workplace Options. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Workplace Options, LLC, (919) 834-6506) or the recordkeeper, Ascensus LLC. The Workplace Options old 401(k) page lists the contacts from every plan filing. Find an old Workplace Options 401(k)
Data from the public Form 5500 annual reports Workplace Options filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Workplace Options. Not financial advice. Report a correction · Methodology