Retirement plan

THE HEARST CORPORATION EMPLOYEE SAVINGS PLAN

Name: THE HEARST CORPORATION - THE HEARST CORPORATION EMPLOYEE SAVINGS PLAN (2016) Form 5500
Creator: THE HEARST CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HEARST CORPORATION EMPLOYEE SAVINGS PLAN, THE HEARST CORPORATION

THE HEARST CORPORATIONEIN 13-0433120Plan #071PY 2016

214 NORTH TRYON STREET - CHARLOTTE, NC 28202704-348-8470

Other plans on this EIN

7 filings

#048Retirement-$1.75B assets #049Retirement-$340.1M assets #051Retirement-$41.6M assets #081Retirement-$14.7M assets #078Retirement-$14.0M assets #072Retirement-$6.3M assets #055Retirement-$650K assets

Prospect flagsHigh cash

Top hat statement on fileNQDC

Filed May 23, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$1047.6M

+2.1% from 2016

Total participants

15,885

-6.1% from 2016

Average account balance

$70,590

+11.1% from 2016

Annual return

7.65%

-5.45 pp from 2016

Benchmarks

See 44 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants>=10,000

Cohort44 peers

Snapshot2016

Participant deferral / active EE

$5,429

median $4,870

Employer contribution / active EE

$1,690

median $2,046

Participation rate

89.7%

median 89.5%

Avg account balance

$70,590

median $91,041

Admin fee / account holder

median $56

Annual return

7.65%

median 8.91%

Overall peer rank

50of 100

50th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$3.14B

Average account balance

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

$131K

Participants with account balance

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

23,978

Eligible Participants and Participation

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

96.7%

Contributions (total)

Employer and participant dollars contributed each year

$206.96M

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.65%

Admin fee / account holder

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

Asset composition

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

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 3 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1 year Filed as: T ROWE PRICE RPS INC. Service code 15 · EIN 52-1714114	Recordkeeping	$80,689
MORNINGSTAR2+ years Service code 26 22 WEST WASHINGTON STREET · CHICAGO, IL 60602	Advisory (Participants)	$32,989
OPPENHEIMER2+ years Filed as: OPPENHEIMER FUND Service code 28 · EIN 13-2527171	Investment Management	$0

Plan features & details

Pension benefit codes2G2J2K3H2S

Plan features

2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all 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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

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: CROWE HORWATH LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,590

$86,496-18.4%

$80,977-12.8%

$329,111-78.6%

Participation rate

89.7%

80.0%+9.7pp

75.8%+13.9pp

67.9%+21.8pp

Annual return

7.65%

20.13%-12.5pp

17.11%-9.5pp

16.35%-8.7pp

Employer contribution / active EE

$1,690

$2,395-29.4%

$3,715-54.5%

$2,303-26.6%

Participant deferral / active EE

$5,429

$5,350+1.5%

$5,696-4.7%

$3,682+47.5%

Admin fee / account holder

$69-100.0%

$5,517-100.0%

$754-100.0%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Filed as: T ROWE PRICE RPS INC.

Service code 15 · EIN 52-1714114

Recordkeeping

$80,689

MORNINGSTAR2+ years

Service code 26

22 WEST WASHINGTON STREET · CHICAGO, IL 60602

Advisory (Participants)

$32,989

OPPENHEIMER2+ years

Filed as: OPPENHEIMER FUND

Service code 28 · EIN 13-2527171

Investment Management

THE HEARST CORPORATION EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

THE HEARST CORPORATION EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion