Retirement plan

POLITICO MEDIA GROUP 401(K) PLAN

Name: POLITICO MEDIA GROUP, LLC - POLITICO MEDIA GROUP 401(K) PLAN (2024) Form 5500
Creator: POLITICO MEDIA GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, POLITICO MEDIA GROUP 401(K) PLAN, POLITICO MEDIA GROUP, LLC

POLITICO MEDIA GROUP, LLCEIN 27-4022975Plan #001PY 2024

1000 WILSON BLVD SUITE 800 - ARLINGTON, VA 22209703-647-8700

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$86.4M

+27.4% from 2023

Total participants

972

-0.1% from 2023

Average account balance

$89,690

+28.0% from 2023

Annual return

17.96%

-4.61 pp from 2023

Benchmarks

See 614 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort614 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$86.37M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

963

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.23M

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

+17.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$130

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 4 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.3 years Service code 15 · EIN 23-1945930	Recordkeeping	$85,222
APRIO LLP1 year Filed as: APRIO, LLP Service code 10 · EIN 57-1157523	Accounting	$26,250
SAGEVIEW ADVISORY GROUP, LLC1 year Filed as: SAGEVIEW ADVISORY GROUP LLC Service code 16 · EIN 33-0818667	Consulting	$10,300
CHARLES SCHWAB & CO., INC.1 year Service code 99	Other Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K

Plan features

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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$125K

$162 / participant

Recordkeeping$84K67.2%
Investment mgmt$15K11.9%
Other / not subdivided$26K21.0%

% of EOY assets

0.145%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: APRIO LLP
Auditor EIN: 571157523
Audit fees: $26,250
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,690

$89,808-0.1%

$100,383-10.7%

$77,671+15.5%

Participation rate

98.8%

81.2%+17.6pp

81.5%+17.3pp

70.6%+28.3pp

Annual return

17.96%

20.62%-2.7pp

49.26%-31.3pp

31.21%-13.2pp

Employer contribution / active EE

$3,188

$3,039+4.9%

$3,944-19.2%

$2,726+16.9%

Participant deferral / active EE

$11,319

$8,284+36.6%

$8,086+40.0%

$4,648+143.5%

Admin fee / account holder

$130

$174-25.4%

$7,900-98.4%

$430-69.8%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3 years

Service code 15 · EIN 23-1945930

Recordkeeping

$85,222

APRIO LLP1 year

Filed as: APRIO, LLP

Service code 10 · EIN 57-1157523

Accounting

$26,250

SAGEVIEW ADVISORY GROUP, LLC1 year

Filed as: SAGEVIEW ADVISORY GROUP LLC

Service code 16 · EIN 33-0818667

Consulting

$10,300

CHARLES SCHWAB & CO., INC.1 year

Service code 99

Other Fees

POLITICO MEDIA GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

POLITICO MEDIA 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