Retirement plan

HOUR MEDIA, LLC 401(K) RETIREMENT PLAN

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

HOUR MEDIA, LLCEIN 38-3284318Plan #001PY 2024

5750 NEW KING DR., SUITE 200 - TROY, MI 48098248-764-4351hourdetroit.comLinkedIn501-1000 employeesmedia production

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$7.3M

+6.8% from 2023

Total participants

265

+15.2% from 2023

Average account balance

$41,052

-1.7% from 2023

Annual return

13.63%

-4.06 pp from 2023

Benchmarks

See 6,280 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,280 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.27M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

177

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.

56.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$639K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 2 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY7 years Service code 55 · EIN 26-4310632	Other Commissions	$8,192
FIDELITY INVESTMENTS INSTITUTIONAL8 years Service code 60 · EIN 04-2647786	Sub-TA Fees	$249

Plan features & details

Pension benefit codes2J2T3H3D2F2G

Plan features

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$249

$1 / participant

Recordkeeping$249100.0%

% of EOY assets

0.003%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE MORAN, PLLC
Auditor EIN: 331498605
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,052

$101,653-59.6%

$147,080-72.1%

$74,459-44.9%

Participation rate

56.2%

75.6%-19.3pp

82.2%-26.0pp

67.2%-11.0pp

Annual return

13.63%

8754.98%-8741.3pp

420.17%-406.5pp

1369.70%-1356.1pp

Employer contribution / active EE

$16

$3,813-99.6%

$4,933-99.7%

$2,626-99.4%

Participant deferral / active EE

$3,164

$7,304-56.7%

$8,066-60.8%

$4,350-27.3%

Admin fee / account holder

$1,752-99.9%

$12,989-100.0%

$1,945-99.9%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY7 years

Service code 55 · EIN 26-4310632

Other Commissions

$8,192

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$249

HOUR MEDIA, LLC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOUR MEDIA, LLC 401(K) RETIREMENT 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