Retirement plan

PENSKE MEDIA CORPORATION 401(K) PROFIT SHARING PLAN

Name: PENSKE MEDIA CORPORATION - PENSKE MEDIA CORPORATION 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: PENSKE MEDIA CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSKE MEDIA CORPORATION 401(K) PROFIT SHARING PLAN, PENSKE MEDIA CORPORATION

PENSKE MEDIA CORPORATIONEIN 20-2501010Plan #001PY 2017

475 FIFTH AVENUE - NEW YORK, NY 10017212-256-8129pmc.comLinkedIn1001-5000 employeesmedia production

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$8.6M

+164.9% from 2016

Total participants

493

+36.2% from 2016

Average account balance

$30,886

+8.2% from 2016

Annual return

137.73%

+125.08 pp from 2016

Benchmarks

See 2,615 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,615 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$126.16M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

2,129

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+21.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$145

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 5 by compensation

Provider	Service type	Compensation
ALLIANCE PENSION CONSULTANTS, LLC1 year Filed as: THE PARAGON ALLIANCE GROUP, LLC Service code 13 300 HARLEYSVILLE PIKE · SOUDERTON, PA 18964	Contract Administrator	$10,562
COMERICA BANK2 years Filed as: COMERICA SECURITIES Service code 55 455 CAPITOL MALL · SACRAMENTO, CA 958144404	Other Commissions	$8,686
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Service code 15 · EIN 01-0233346	Recordkeeping	$761
AMERICAN FUNDS2 years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$25
JANICE L. HORNE2 years Filed as: JANICE HAMMETT Service code 13 21031 VENTURA BLVD · WOODLAND HLS, CA 913642203	Contract Administrator	$25

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D3H

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$44K

$104 / participant

Contract admin$35K78.3%
Other / not subdivided$10K21.7%

% of EOY assets

0.511%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,886

$155,795-80.2%

$136,298-77.3%

$69,631-55.6%

Participation rate

49.6%

75.2%-25.6pp

81.9%-32.3pp

70.7%-21.0pp

Annual return

137.73%

232464.33%-232326.6pp

5156.27%-5018.5pp

27571.02%-27433.3pp

Employer contribution / active EE

$2,991-99.7%

$4,696-99.8%

$2,032-99.6%

Participant deferral / active EE

$3,728

$5,394-30.9%

$6,247-40.3%

$3,224+15.6%

Admin fee / account holder

$158

$128+23.2%

$9,244-98.3%

$110+43.0%

Provider

Service type

Compensation

ALLIANCE PENSION CONSULTANTS, LLC1 year

Filed as: THE PARAGON ALLIANCE GROUP, LLC

Service code 13

300 HARLEYSVILLE PIKE · SOUDERTON, PA 18964

Contract Administrator

$10,562

COMERICA BANK2 years

Filed as: COMERICA SECURITIES

Service code 55

455 CAPITOL MALL · SACRAMENTO, CA 958144404

Other Commissions

$8,686

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Service code 15 · EIN 01-0233346

Recordkeeping

$761

AMERICAN FUNDS2 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$25

JANICE L. HORNE2 years

Filed as: JANICE HAMMETT

Service code 13

21031 VENTURA BLVD · WOODLAND HLS, CA 913642203

Contract Administrator

$25

PENSKE MEDIA CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENSKE MEDIA CORPORATION 401(K) PROFIT SHARING 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