Retirement plan

TRIBUNE PUBLISHING COMPANY 401(K) PLAN

Name: TRIBUNE PUBLISHING COMPANY - TRIBUNE PUBLISHING COMPANY 401(K) PLAN (2022) Form 5500
Creator: TRIBUNE PUBLISHING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRIBUNE PUBLISHING COMPANY 401(K) PLAN, TRIBUNE PUBLISHING COMPANY

TRIBUNE PUBLISHING COMPANYEIN 38-3919441Plan #001PY 2022

560 W. GRAND AVENUE - CHICAGO, IL 60654312-222-2640

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$186.9M

-22.7% from 2021

Total participants

3,399

-8.5% from 2021

Average account balance

$54,980

-18.1% from 2021

Annual return

-12.28%

-25.52 pp from 2021

Benchmarks

See 181 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants1,000-4,999

Cohort181 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$196.26M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

2,590

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.

89.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$68

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 6 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.1 year Filed as: VANGUARD GROUP INC Service code 15 · EIN 23-1945930	Recordkeeping	$157,483
SAGEVIEW ADVISORY GROUP, LLC6 years Service code 16 · EIN 33-0818667	Consulting	$81,000
PRUDENTIAL RETIREMENT INSURANCE AND1 year Service code 13 · EIN 06-1050034	Contract Administrator	$44,454
FORVIS, LLP5 years Filed as: MAZARS USA LLP Service code 16 · EIN 13-1459550	Consulting	$24,000
BRYAN CAVE LLP1 year Service code 10 · EIN 43-0602162	Accounting	$12,764
INNOVEST PORTFOLIO SOLUTIONS LLC1 year Service code 27 · EIN 84-1612955	Advisory (Plan)	$10,150

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$332K

$251 / participant

Investment mgmt$91K27.4%
Contract admin$202K60.8%
Other / not subdivided$39K11.8%

% of EOY assets

0.178%

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: MAZARS USA LLP
Auditor EIN: 131459550
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,980

$87,621-37.3%

$86,438-36.4%

$77,906-29.4%

Participation rate

100.0%

85.8%+14.2pp

80.3%+19.7pp

73.7%+26.3pp

Annual return

-12.28%

-13.90%+1.6pp

4397.19%-4409.5pp

12.16%-24.4pp

Employer contribution / active EE

$2,493

$3,474-28.2%

$3,769-33.9%

$2,846-12.4%

Participant deferral / active EE

$6,409

$8,645-25.9%

$6,952-7.8%

$4,805+33.4%

Admin fee / account holder

$98

$85+15.5%

$6,733-98.5%

$133-26.3%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.1 year

Filed as: VANGUARD GROUP INC

Service code 15 · EIN 23-1945930

Recordkeeping

$157,483

SAGEVIEW ADVISORY GROUP, LLC6 years

Service code 16 · EIN 33-0818667

Consulting

$81,000

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Service code 13 · EIN 06-1050034

Contract Administrator

$44,454

FORVIS, LLP5 years

Filed as: MAZARS USA LLP

Service code 16 · EIN 13-1459550

Consulting

$24,000

BRYAN CAVE LLP1 year

Service code 10 · EIN 43-0602162

Accounting

$12,764

INNOVEST PORTFOLIO SOLUTIONS LLC1 year

Service code 27 · EIN 84-1612955

Advisory (Plan)

$10,150

TRIBUNE PUBLISHING COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRIBUNE PUBLISHING COMPANY 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