Retirement plan

HEARST TELEVISION INC. UNION EMPLOYEE SAVINGS PLAN

Name: THE HEARST CORPORATION - HEARST TELEVISION INC. UNION EMPLOYEE SAVINGS PLAN (2016) Form 5500
Creator: THE HEARST CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEARST TELEVISION INC. UNION EMPLOYEE SAVINGS PLAN, THE HEARST CORPORATION

THE HEARST CORPORATIONEIN 74-2717523Plan #009PY 2016

214 NORTH TRYON STREET - CHARLOTTE, NC 28202704-348-8470

Other plans on this EIN

1 filing

#021Retirement-$33.6M assets

Prospect flagsLow returnsHigh cash

How to read this page

Total assets (EOY)

$54.1M

-8.4% from 2015

Total participants

494

-7.1% from 2015

Average account balance

$143,447

-4.5% from 2015

Annual return

6.71%

+4.62 pp from 2015

Benchmarks

See 503 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort503 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$83.23M

Not enough data

1 years with asset history on file

Average account balance

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

$258K

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.

323

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.

87.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.32M

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

+14.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 3 by compensation

Provider	Service type	Compensation
MORNINGSTAR2+ years Service code 26 · EIN 36-3297908	Advisory (Participants)	$2,245
T ROWE PRICE RPS INC2+ years Filed as: T. ROWE PRICE RPS INC. Service code 15 · EIN 52-1714114	Recordkeeping	$1,138
OPPENHEIMER2+ years Filed as: OPPENHEIMER FUND Service code 28 · EIN 13-2527171	Investment Management	$0

Plan features & details

Pension benefit codes2G3H2J

Plan features

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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

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: CROWE HORWATH LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$143,447

$56,640+153.3%

$80,977+77.1%

$57,658+148.8%

Participation rate

72.3%

75.9%-3.6pp

75.8%-3.5pp

70.2%+2.0pp

Annual return

6.71%

19.97%-13.3pp

17.11%-10.4pp

5.13%+1.6pp

Employer contribution / active EE

$2,085-100.0%

$3,715-100.0%

$1,974-100.0%

Participant deferral / active EE

$5,134

$4,944+3.8%

$5,696-9.9%

$3,061+67.7%

Admin fee / account holder

$87-100.0%

$5,517-100.0%

$95-100.0%

Provider

Service type

Compensation

MORNINGSTAR2+ years

Service code 26 · EIN 36-3297908

Advisory (Participants)

$2,245

T ROWE PRICE RPS INC2+ years

Filed as: T. ROWE PRICE RPS INC.

Service code 15 · EIN 52-1714114

Recordkeeping

$1,138

OPPENHEIMER2+ years

Filed as: OPPENHEIMER FUND

Service code 28 · EIN 13-2527171

Investment Management

HEARST TELEVISION INC. UNION EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

HEARST TELEVISION INC. UNION EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion