Retirement plan

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

Name: DICK BROADCASTING, INC. - DICK BROADCASTING COMPANY, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: DICK BROADCASTING, INC.
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, INC.

DICK BROADCASTING, INC.EIN 62-0590981Plan #001PY 2023

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

Prospect flagsHigh fees

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.

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How to read this page

Total assets (EOY)

$7.4M

+18.7% from 2022

Total participants

122

+5.2% from 2022

Average account balance

$62,446

+9.8% from 2022

Annual return

14.36%

+27.45 pp from 2022

Benchmarks

See 9,823 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,823 peers

Snapshot2023

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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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
LPL FINANCIAL1 year Service code 27 PO BOX 502533 · SAN DIEGO, CA 92150	Advisory (Plan)	$23,659
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURNACE CO Service code 64 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$14,164
BERNARD ROBINSON & COMPANY, LLP1 year Service code 10 PO BOX 19608 · GREENSBRO, NC 27419	Accounting	$11,000
TRINITY PENSION GROUP, LLC1 year Filed as: TRINITY PENSION GROUP Service code 13 PO BOX 2159 · JAMESTOWN, NC 27282	Contract Administrator	$10,006
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE RPS, INC. Service code 64 100 EAST PRATT ST. · BALTIMORE, MD 21202	Recordkeeping Fees	$8,868
ASCENSUS LLC1 year Filed as: ASCENSUS Service code 99 1102 CHESTNUT HILLS PARKWAY · FORT WAYNE, IN 46814	Other Fees	$675
ASCENSUS LLC1 year Filed as: ASCENSUS INC Service code 99	Other Fees	$604

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$52K

$571 / participant

Contract admin$52K100.0%

% of EOY assets

0.699%

all-in expense ratio

Categories reported

1 / 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: BERNARD ROBINSON & COMPANY LLP
Auditor EIN: 560571159
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,446

$57,281+9.0%

$86,612-27.9%

$75,163-16.9%

Participation rate

96.7%

63.2%+33.5pp

71.7%+25.0pp

67.2%+29.5pp

Annual return

14.36%

2670.75%-2656.4pp

591.07%-576.7pp

160.62%-146.3pp

Employer contribution / active EE

$2,314-100.0%

$3,022-100.0%

$2,670-100.0%

Participant deferral / active EE

$5,777

$3,318+74.1%

$4,438+30.2%

$4,125+40.0%

Admin fee / account holder

$437

$4,112-89.4%

$5,614-92.2%

$5,651-92.3%

Provider

Service type

Compensation

LPL FINANCIAL1 year

Service code 27

PO BOX 502533 · SAN DIEGO, CA 92150

Advisory (Plan)

$23,659

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURNACE CO

Service code 64

8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$14,164

BERNARD ROBINSON & COMPANY, LLP1 year

Service code 10

PO BOX 19608 · GREENSBRO, NC 27419

Accounting

$11,000

TRINITY PENSION GROUP, LLC1 year

Filed as: TRINITY PENSION GROUP

Service code 13

PO BOX 2159 · JAMESTOWN, NC 27282

Contract Administrator

$10,006

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE RPS, INC.

Service code 64

100 EAST PRATT ST. · BALTIMORE, MD 21202

Recordkeeping Fees

$8,868

ASCENSUS LLC1 year

Filed as: ASCENSUS

Service code 99

1102 CHESTNUT HILLS PARKWAY · FORT WAYNE, IN 46814

Other Fees

$675

ASCENSUS LLC1 year

Filed as: ASCENSUS INC

Service code 99

Other Fees

$604

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