Retirement plan

HEARST TELEVISION, INC. UNION 401(K) PLAN

Name: THE HEARST CORPORATION - HEARST TELEVISION, INC. UNION 401(K) PLAN (2015) Form 5500
Creator: THE HEARST CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEARST TELEVISION, INC. UNION 401(K) PLAN, THE HEARST CORPORATION

THE HEARST CORPORATIONEIN 74-2717523Plan #021PY 2015

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

Other plans on this EIN

1 filing

#009Retirement-$59.1M assets

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$34.4M

No prior year

Total participants

476

No prior year

Average account balance

$118,981

No prior year

Annual return

4.68%

No prior year

Benchmarks

See 495 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort495 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$58.62M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

699

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.

81.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.32M

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

+15.53%

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 2 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1+ years Filed as: T. ROWE PRICE RPS INC Service code 15 · EIN 52-1714114	Recordkeeping	$2,902
MORNINGSTAR1+ years Service code 26 22 WEST WASHINGTON STREET · CHICAGO, IL 60602	Advisory (Participants)	$132

Plan features & details

Pension benefit codes2G2J2K3H

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.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

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: DELOITTE & TOUCHE LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$118,981

$55,182+115.6%

$73,309+62.3%

$55,191+115.6%

Participation rate

54.2%

73.9%-19.8pp

74.9%-20.7pp

69.2%-15.0pp

Annual return

4.68%

8.55%-3.9pp

5.67%-1.0pp

10.78%-6.1pp

Employer contribution / active EE

$598

$1,935-69.1%

$3,237-81.5%

$1,899-68.5%

Participant deferral / active EE

$2,093

$4,641-54.9%

$4,991-58.1%

$3,046-31.3%

Admin fee / account holder

$68-100.0%

$5,635-100.0%

$91-100.0%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1+ years

Filed as: T. ROWE PRICE RPS INC

Service code 15 · EIN 52-1714114

Recordkeeping

$2,902

MORNINGSTAR1+ years

Service code 26

22 WEST WASHINGTON STREET · CHICAGO, IL 60602

Advisory (Participants)

$132

HEARST TELEVISION, INC. UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

HEARST TELEVISION, INC. UNION 401(K) 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