Retirement plan

THE ECONOMIST GROUP 401(K) PLAN

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

THE ECONOMIST NEWSPAPER GROUP INCORPORATEDEIN 13-2939702Plan #001PY 2020

750 3RD AVENUE, 5TH FLOOR - NEW YORK, NY 10017212-541-0500LinkedIn51-200 employeespublishing

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$49.9M

+14.7% from 2019

Total participants

348

-4.9% from 2019

Average account balance

$147,980

+21.9% from 2019

Annual return

17.78%

-6.28 pp from 2019

Benchmarks

See 909 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort909 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$49.70M

Not enough data

1 years with asset history on file

Average account balance

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

$150K

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.

332

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+15.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$111

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

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Service providers

Top 10 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 49 · EIN 04-1590850	Other Services	$2,911
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6026952	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT4 years Service code 52 · EIN 95-4597302	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT4 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
NORTHERN FUNDS4 years Service code 52 · EIN 36-3608252	Indirect Investment Fees	$0
PGIM INVESTMENTS4 years Service code 52 · EIN 13-3851144	Indirect Investment Fees	$0
PRINCIPAL INVESTORS4 years Service code 52 · EIN 91-1801401	Indirect Investment Fees	$0
T ROWE PRICE RPS INC4 years Filed as: T. ROWE PRICE Service code 52 · EIN 52-1151266	Indirect Investment Fees	$0
VICTORY4 years Service code 52 · EIN 31-6364605	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2A2F2G2K3D3F3H2S

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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).
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$3K

$18 / participant

Contract admin$3K98.1%
Other / not subdivided$561.9%

% of EOY assets

0.006%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$147,980

$66,813+121.5%

$100,516+47.2%

$73,488+101.4%

Participation rate

93.4%

77.5%+15.9pp

79.4%+14.0pp

70.7%+22.7pp

Annual return

17.78%

25.70%-7.9pp

30.89%-13.1pp

28.51%-10.7pp

Employer contribution / active EE

$3,530

$2,147+64.4%

$3,418+3.3%

$2,270+55.5%

Participant deferral / active EE

$7,566

$5,883+28.6%

$6,270+20.7%

$3,740+102.3%

Admin fee / account holder

$512-98.3%

$8,081-99.9%

$513-98.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 49 · EIN 04-1590850

Other Services

$2,911

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6026952

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT4 years

Service code 52 · EIN 95-4597302

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT4 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

NORTHERN FUNDS4 years

Service code 52 · EIN 36-3608252

Indirect Investment Fees

PGIM INVESTMENTS4 years

Service code 52 · EIN 13-3851144

Indirect Investment Fees

PRINCIPAL INVESTORS4 years

Service code 52 · EIN 91-1801401

Indirect Investment Fees

T ROWE PRICE RPS INC4 years

Filed as: T. ROWE PRICE

Service code 52 · EIN 52-1151266

Indirect Investment Fees

VICTORY4 years

Service code 52 · EIN 31-6364605

Indirect Investment Fees

THE ECONOMIST GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ECONOMIST 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