Retirement plan

NATIONAL PUBLIC RADIO, INC. RETIREMENT PLAN

Name: NATIONAL PUBLIC RADIO, INC. - NATIONAL PUBLIC RADIO, INC. RETIREMENT PLAN (2023) Form 5500
Creator: NATIONAL PUBLIC RADIO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL PUBLIC RADIO, INC. RETIREMENT PLAN, NATIONAL PUBLIC RADIO, INC.

NATIONAL PUBLIC RADIO, INC.EIN 52-0907625Plan #001PY 2023

1111 NORTH CAPITOL STREET, NE - WASHINGTON, DC 200027502202-513-2000

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$383.9M

-7.3% from 2016

Total participants

1,636

-4.5% from 2016

Average account balance

$246,106

-2.5% from 2016

Annual return

13.67%

-6.49 pp from 2016

Benchmarks

See 175 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants1,000-4,999

Cohort175 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$425.79M

Not enough data

1 years with asset history on file

Average account balance

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

$219K

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.

1,947

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.

78.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$203

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$250,243
TIAA7 years Service code 15 · EIN 13-1624203	Recordkeeping	$87,531
BDO USA, LLP4 years Filed as: BDO USA LLP Service code 10 · EIN 13-5381590	Accounting	$47,480
AON CONSULTING1 year Filed as: AON HEWITT INVESTMENT CONSULTING IN Service code 28 · EIN 36-3109431	Investment Management	$20,250
SEYFARTH SHAW LLP5 years Service code 29 · EIN 36-2152202	Legal	$17,811
DUNBAR, BENDER & ZAPF, INC.1 year Filed as: DUNBAR, BENDER, & ZAPF, INC. Service code 49 · EIN 25-1650062	Other Services	$15,000

Plan features & details

Pension benefit codes2F2G2L2M2R2S2T3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return 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

$500K

$458 / participant

Investment mgmt$3K0.6%
Contract admin$376K75.2%
Other / not subdivided$121K24.2%

% of EOY assets

0.130%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$246,106

$103,918+136.8%

$94,677+159.9%

$80,187+206.9%

Participation rate

93.0%

85.8%+7.2pp

80.8%+12.2pp

72.9%+20.1pp

Annual return

13.67%

27.77%-14.1pp

156.95%-143.3pp

40.40%-26.7pp

Employer contribution / active EE

$6,825

$3,539+92.8%

$3,673+85.8%

$2,980+129.0%

Participant deferral / active EE

$11,662

$9,528+22.4%

$7,418+57.2%

$5,016+132.5%

Admin fee / account holder

$320

$96+232.2%

$7,222-95.6%

$145+121.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$250,243

TIAA7 years

Service code 15 · EIN 13-1624203

Recordkeeping

$87,531

BDO USA, LLP4 years

Filed as: BDO USA LLP

Service code 10 · EIN 13-5381590

Accounting

$47,480

AON CONSULTING1 year

Filed as: AON HEWITT INVESTMENT CONSULTING IN

Service code 28 · EIN 36-3109431

Investment Management

$20,250

SEYFARTH SHAW LLP5 years

Service code 29 · EIN 36-2152202

Legal

$17,811

DUNBAR, BENDER & ZAPF, INC.1 year

Filed as: DUNBAR, BENDER, & ZAPF, INC.

Service code 49 · EIN 25-1650062

Other Services

$15,000

NATIONAL PUBLIC RADIO, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL PUBLIC RADIO, INC. 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