Retirement plan

NEWS CORP 401(K) SAVINGS PLAN

Name: NC TRANSACTION, INC. - NEWS CORP 401(K) SAVINGS PLAN (2024) Form 5500
Creator: NC TRANSACTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEWS CORP 401(K) SAVINGS PLAN, NC TRANSACTION, INC.

NC TRANSACTION, INC.EIN 46-1138762Plan #001PY 2024

1211 AVENUE OF THE AMERICAS, 15TH FLOOR - NEW YORK, NY 10036212-416-2273LinkedIn10001+ employeesinformation technology and services

Other plans on this EIN

1 filing

#003Retirement-$206.2M assets

Prospect flagsHigh assets / participantCorrective distributions

Top hat statement on fileNQDC

Filed September 26, 2013

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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How to read this page

Total assets (EOY)

$3659M

+14.2% from 2023

Total participants

14,148

-2.1% from 2023

Average account balance

$264,435

+17.3% from 2023

Annual return

18.84%

-2.47 pp from 2023

Benchmarks

See 1,220 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,220 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.66B

Not enough data

1 years with asset history on file

Average account balance

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

$264K

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.

13,837

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$149.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+18.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$99

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Filed as: FIDELITY INV. INST. OPER. CO., INC. Service code 37 · EIN 04-2647786	Loan Processing	$608,927
THOMPSON HINE9 years Filed as: THOMPSON HINE LLP Service code 29 · EIN 34-0575300	Legal	$366,984
DIMEO SCHNEIDER & ASSOCIATES LLC5 years Service code 27 · EIN 36-4001764	Advisory (Plan)	$168,299
ERNST & YOUNG LLP10+ years Service code 10 · EIN 34-6565596	Accounting	$118,938
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$87,015
MERCER1 year Filed as: MERCER INVESTMENTS LLC Service code 16 · EIN 30-0282430	Consulting	$30,000
MOSS ADAMS LLP10+ years Service code 10 · EIN 91-0189318	Accounting	$11,550

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.4M

$171 / participant

Recordkeeping$584K42.7%
Investment mgmt$255K18.7%
Legal$367K26.8%
Other / not subdivided$160K11.7%

% of EOY assets

0.037%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: $130,488
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$264,435

$99,062+166.9%

$100,391+163.4%

$99,062+166.9%

Participation rate

96.1%

71.6%+24.5pp

81.5%+14.6pp

71.6%+24.5pp

Annual return

18.84%

17.66%+1.2pp

49.20%-30.4pp

17.66%+1.2pp

Employer contribution / active EE

$6,561

$3,262+101.1%

$3,942+66.5%

$3,262+101.1%

Participant deferral / active EE

$12,137

$5,331+127.7%

$8,082+50.2%

$5,331+127.7%

Admin fee / account holder

$99

$109-9.3%

$7,899-98.7%

$109-9.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Filed as: FIDELITY INV. INST. OPER. CO., INC.

Service code 37 · EIN 04-2647786

Loan Processing

$608,927

THOMPSON HINE9 years

Filed as: THOMPSON HINE LLP

Service code 29 · EIN 34-0575300

Legal

$366,984

DIMEO SCHNEIDER & ASSOCIATES LLC5 years

Service code 27 · EIN 36-4001764

Advisory (Plan)

$168,299

ERNST & YOUNG LLP10+ years

Service code 10 · EIN 34-6565596

Accounting

$118,938

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$87,015

MERCER1 year

Filed as: MERCER INVESTMENTS LLC

Service code 16 · EIN 30-0282430

Consulting

$30,000

MOSS ADAMS LLP10+ years

Service code 10 · EIN 91-0189318

Accounting

$11,550

NEWS CORP 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEWS CORP 401(K) SAVINGS 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