Retirement plan

INDEPENDENT NEWSMEDIA INC. USA 401(K) PROFIT SHARING PLAN

Name: INDEPENDENT NEWSMEDIA INC. USA - INDEPENDENT NEWSMEDIA INC. USA 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: INDEPENDENT NEWSMEDIA INC. USA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDEPENDENT NEWSMEDIA INC. USA 401(K) PROFIT SHARING PLAN, INDEPENDENT NEWSMEDIA INC. USA

INDEPENDENT NEWSMEDIA INC. USAEIN 51-0072172Plan #001PY 2024

110 GALAXY DRIVE - DOVER, DE 19901800-426-4192iniusa.orgLinkedIn201-500 employeesnewspapers

Prospect flagsLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.6M

-6.8% from 2023

Total participants

187

-1.1% from 2023

Average account balance

$39,264

-9.4% from 2023

Annual return

16.10%

+2.84 pp from 2023

Benchmarks

See 1,015 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort1,015 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.34M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

163

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.

80.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$456K

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

+13.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$163

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
PRINCIPAL LIFE INSURANCE COMPANY6 years Service code 13 · EIN 42-0127290 711 HIGH STREET · DES MOINES, IA 50392	Contract Administrator	$18,888
NFP RETIREMENT INC3 years Service code 27 · EIN 33-0905143 120 VANTIS SUITE 400 · ALISO VIEJO, CA 92656	Advisory (Plan)	$7,497

Plan features & details

Pension benefit codes2E2J2K2G3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.

Opportunity flags

3 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$26K

$155 / participant

Investment mgmt$7K28.4%
Contract admin$19K71.6%

% of EOY assets

0.470%

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: KREISCHER MILLER
Auditor EIN: 231980475
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,264

$79,003-50.3%

$100,398-60.9%

$74,400-47.2%

Participation rate

74.1%

79.5%-5.4pp

81.5%-7.4pp

67.2%+6.9pp

Annual return

16.10%

20.62%-4.5pp

49.32%-33.2pp

1367.51%-1351.4pp

Employer contribution / active EE

$358

$3,015-88.1%

$3,946-90.9%

$2,624-86.4%

Participant deferral / active EE

$1,789

$7,752-76.9%

$8,084-77.9%

$4,348-58.8%

Admin fee / account holder

$185

$1,331-86.1%

$7,893-97.7%

$1,944-90.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6 years

Service code 13 · EIN 42-0127290

711 HIGH STREET · DES MOINES, IA 50392

Contract Administrator

$18,888

NFP RETIREMENT INC3 years

Service code 27 · EIN 33-0905143

120 VANTIS SUITE 400 · ALISO VIEJO, CA 92656

Advisory (Plan)

$7,497

INDEPENDENT NEWSMEDIA INC. USA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDEPENDENT NEWSMEDIA INC. USA 401(K) PROFIT SHARING 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