Retirement plan

DICK BROADCASTING COMPANY, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: DICK BROADCASTING COMPANY, INC. OF - DICK BROADCASTING COMPANY, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2021) Form 5500
Creator: DICK BROADCASTING COMPANY, INC. OF
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DICK BROADCASTING COMPANY, INC. 401(K) PROFIT SHARING PLAN AND TRUST, DICK BROADCASTING COMPANY, INC. OF

DICK BROADCASTING COMPANY, INC. OFEIN 62-0590981Plan #001PY 2021

192 E. LEWIS ST. - GREENSBORO, NC 27406336-274-8042dickbroadcasting.comLinkedIn51-200 employeesbroadcast media

Prospect flagsLow returnsHigh feesLow employer contribution

Top hat statement on fileNQDC

Filed November 12, 1998

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.

Open the filing PDF

How to read this page

Total assets (EOY)

$7.2M

+17.2% from 2020

Total participants

136

-28.8% from 2020

Average account balance

$56,738

+72.6% from 2020

Annual return

11.12%

+0.26 pp from 2020

Benchmarks

See 1,682 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,682 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.70M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

104

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.

101.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$466K

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

+14.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18797

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

0 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
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$60,559
LPL FINANCIAL3 years Filed as: LPL FINANCIAL - RP Service code 28 · EIN 04-3046611	Investment Management	$19,572
ASCENSUS LLC2 years Filed as: FUTUREPLAN BY ASCENSUS Service code 13 · EIN 82-3719843	Contract Administrator	$10,371
VESTAL & WILER CPAS1 year Filed as: VESTAL & WILERS, CPAS, PA Service code 10 · EIN 59-3198021	Accounting	$9,500
FUTURE PLAN CONSULTING - FORT WAYNE3 years Service code 13 · EIN 11-3665754	Contract Administrator	$3,334
ASCENSUS LLC1 year Filed as: ASCENSUS, LLC Service code 14 · EIN 82-3719843	Plan Administrator	$3,265

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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.

Expense breakdown

Schedule H Part II

Admin total

$100K

$891 / participant

Other / not subdivided$100K100.0%

% of EOY assets

1.385%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VESTAL & WILER, CPAS
Auditor EIN: 593198021
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,738

$63,768-11.0%

$98,483-42.4%

$79,391-28.5%

Participation rate

92.0%

69.9%+22.1pp

73.3%+18.6pp

70.7%+21.3pp

Annual return

11.12%

626.18%-615.1pp

1494.38%-1483.3pp

116.88%-105.8pp

Employer contribution / active EE

$2,558-99.9%

$2,961-99.9%

$2,428-99.9%

Participant deferral / active EE

$3,830

$3,305+15.9%

$4,276-10.4%

$4,046-5.3%

Admin fee / account holder

$786

$516+52.3%

$5,953-86.8%

$627+25.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$60,559

LPL FINANCIAL3 years

Filed as: LPL FINANCIAL - RP

Service code 28 · EIN 04-3046611

Investment Management

$19,572

ASCENSUS LLC2 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 13 · EIN 82-3719843

Contract Administrator

$10,371

VESTAL & WILER CPAS1 year

Filed as: VESTAL & WILERS, CPAS, PA

Service code 10 · EIN 59-3198021

Accounting

$9,500

FUTURE PLAN CONSULTING - FORT WAYNE3 years

Service code 13 · EIN 11-3665754

Contract Administrator

$3,334

ASCENSUS LLC1 year

Filed as: ASCENSUS, LLC

Service code 14 · EIN 82-3719843

Plan Administrator

$3,265

DICK BROADCASTING COMPANY, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DICK BROADCASTING COMPANY, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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