Department of Labor filing

2ND WATCH, INC.

2ND WATCH 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Apr 23, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

68filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$5,036

Reported employer contributions per active participant.

Higher than about 74% of comparable plans

#People in the filing

112

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$156 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 54% of comparable plans

↗Investment performance

Not available

Plan assets changed 0.7%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202468out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions74th percentileTypical peer $3,137 · based on 5,509 comparable plans

Lower reported administrative expense54th percentileTypical peer $173 · based on 5,672 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, 2ND WATCH, INC. reported $564,018 in employer contributions across the plan and 112 active participants. That works out to $5,036 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy54%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendNot enough history

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 44.2%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context68/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $564,018
Participant contributions: $1,620,026
Other contributions: $161,886
Employer share of reported contributions: 25.8%
Beginning assets: $12,535,543
Ending assets: $12,620,754
Ending net assets: $12,620,754
Ending liabilities: $0
Total income: $4,199,646
Total expenses: $4,114,435
Administrative expenses: $49,241
Participant loans: $169,194

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

Not reported

2023

$982

2024

$5,036

Plan-paid administrative expenses per participant

2022

$108

2023

$116

2024

$156

Active participants

2022

308

2023

212

2024

112

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$5,036	112	12.6M	20250423222214NAL0006692769001
2023	$982	212	12.5M	20240529124301NAL0012017297001
2022	Not reported	308	10.6M	20230606175053NAL0055644354001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.3%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 352429290-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 2015
Industry: Professional, scientific, and technical services
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2S2T3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
PRINCIPAL LIFE INSURANCE COMPANY	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20250423222214NAL0006692769001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗