Retirement plan

LEE ENTERPRISES, INC. EMPLOYEES RETIREMENT ACCOUNT PLAN

Name: LEE ENTERPRISES, INC. - LEE ENTERPRISES, INC. EMPLOYEES RETIREMENT ACCOUNT PLAN (2024) Form 5500
Creator: LEE ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEE ENTERPRISES, INC. EMPLOYEES RETIREMENT ACCOUNT PLAN, LEE ENTERPRISES, INC.

LEE ENTERPRISES, INC.EIN 42-0823980Plan #018PY 2024

4600 E 53RD ST. - DAVENPORT, IA 52807563-383-2182lee.netLinkedIn1001-5000 employeesnewspapers

Other plans on this EIN

1 filing

#003Retirement-$181.6M assets

Prospect flagsLow returnsLow employer contributionLow participant contributionCorrective distributions

Top hat statement on fileNQDC

Filed October 18, 2004 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$441.6M

+1.2% from 2016

Total participants

5,939

+26.8% from 2016

Average account balance

$77,276

-21.5% from 2016

Annual return

11.70%

-6.18 pp from 2016

Benchmarks

See 176 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants1,000-4,999

Cohort176 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$441.56M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

5,714

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16

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 5 by compensation

Provider	Service type	Compensation
GROOM LAW GROUP8 years Filed as: GROOM LAW GROUP CHARTERED Service code 29 1701 PENNSYLVANIA AVE NW · WASHINGTON, DC 20006	Legal	$51,855
COHNREZNICK LLP7 years Service code 10 ONE BOSTON PL · BOSTON, MA 02108	Accounting	$34,433
MERCER3 years Filed as: MERCER (US) INC Service code 27 21875 NETWORK PLACE · CHICAGO, IL 60673	Advisory (Plan)	$25,680
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907	Recordkeeping	$24,258
MMA SECURITIES LLC1 year Filed as: MARSH & MCLENNAN COMPANIES INC Service code 99 21875 NETWORK PL · CHICAGO, IL 606731218	Other Fees	$11,750

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T

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.
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.

Opportunity flags

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return 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

$89K

$28 / participant

Recordkeeping$24K27.3%
Investment mgmt$37K42.1%
Legal$52K58.4%

% of EOY assets

0.020%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK, LLP
Auditor EIN: 334144829
Audit fees: $34,433
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,276

$115,744-33.2%

$100,415-23.0%

$200,096-61.4%

Participation rate

92.9%

85.7%+7.2pp

81.5%+11.4pp

72.0%+20.9pp

Annual return

11.70%

17.79%-6.1pp

49.47%-37.8pp

34.26%-22.6pp

Employer contribution / active EE

$1,046

$3,657-71.4%

$3,943-73.5%

$3,038-65.6%

Participant deferral / active EE

$4,198

$9,844-57.4%

$8,091-48.1%

$5,090-17.5%

Admin fee / account holder

$16

$93-83.3%

$7,906-99.8%

$269-94.2%

Provider

Service type

Compensation

GROOM LAW GROUP8 years

Filed as: GROOM LAW GROUP CHARTERED

Service code 29

1701 PENNSYLVANIA AVE NW · WASHINGTON, DC 20006

Legal

$51,855

COHNREZNICK LLP7 years

Service code 10

ONE BOSTON PL · BOSTON, MA 02108

Accounting

$34,433

MERCER3 years

Filed as: MERCER (US) INC

Service code 27

21875 NETWORK PLACE · CHICAGO, IL 60673

Advisory (Plan)

$25,680

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15 · EIN 84-0467907

Recordkeeping

$24,258

MMA SECURITIES LLC1 year

Filed as: MARSH & MCLENNAN COMPANIES INC

Service code 99

21875 NETWORK PL · CHICAGO, IL 606731218

Other Fees

$11,750

LEE ENTERPRISES, INC. EMPLOYEES RETIREMENT ACCOUNT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEE ENTERPRISES, INC. EMPLOYEES RETIREMENT ACCOUNT PLAN

Top hat statement on fileNQDC

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