Retirement plan

401(K) SAVINGS PLAN FOR EMPLOYEES OF SEATTLE TIMES COMPANY AND SUBSIDIARIES

Name: SEATTLE TIMES COMPANY - 401(K) SAVINGS PLAN FOR EMPLOYEES OF SEATTLE TIMES COMPANY AND SUBSIDIARIES (2023) Form 5500
Creator: SEATTLE TIMES COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) SAVINGS PLAN FOR EMPLOYEES OF SEATTLE TIMES COMPANY AND SUBSIDIARIES, SEATTLE TIMES COMPANY

SEATTLE TIMES COMPANYEIN 91-0403890Plan #005PY 2023

P O BOX 70 - SEATTLE, WA 98111206-464-2233seattletimes.comLinkedIn1001-5000 employeesnewspapers

Other plans on this EIN

2 filings

#002Retirement-$117.2M assets #009Retirement-$54.6M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$142.8M

+9.9% from 2022

Total participants

1,063

-4.6% from 2022

Average account balance

$154,410

+14.3% from 2022

Annual return

19.12%

+35.53 pp from 2022

Benchmarks

See 601 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort601 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$156.61M

Not enough data

1 years with asset history on file

Average account balance

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

$183K

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.

855

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.

77.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+16.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$168

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
VERUS2 years Filed as: VERUS ADVISORY, INC. Service code 27 · EIN 91-1320111	Advisory (Plan)	$61,000
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$42,290
STRATEGIC ADVISORS, INC.9+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$25,749
CLARK NUBER4 years Service code 10 · EIN 91-1194016	Accounting	$20,999

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3F3H2R

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

1 tripped

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

$150K

$257 / participant

Recordkeeping$42K28.2%
Investment mgmt$87K57.8%
Other / not subdivided$21K14.0%

% of EOY assets

0.105%

all-in expense ratio

Categories reported

2 / 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: CLARK NUBER PS
Auditor EIN: 911194016
Audit fees: $20,999
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$154,410

$89,282+72.9%

$94,646+63.1%

$74,419+107.5%

Participation rate

76.3%

82.4%-6.1pp

80.8%-4.5pp

70.7%+5.6pp

Annual return

19.12%

25.96%-6.8pp

156.71%-137.6pp

34.38%-15.3pp

Employer contribution / active EE

$1,085

$3,022-64.1%

$3,672-70.4%

$2,637-58.9%

Participant deferral / active EE

$5,994

$8,425-28.8%

$7,418-19.2%

$4,528+32.4%

Admin fee / account holder

$162

$219-25.9%

$7,231-97.8%

$348-53.4%

Provider

Service type

Compensation

VERUS2 years

Filed as: VERUS ADVISORY, INC.

Service code 27 · EIN 91-1320111

Advisory (Plan)

$61,000

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$42,290

STRATEGIC ADVISORS, INC.9+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$25,749

CLARK NUBER4 years

Service code 10 · EIN 91-1194016

Accounting

$20,999

401(K) SAVINGS PLAN FOR EMPLOYEES OF SEATTLE TIMES COMPANY AND SUBSIDIARIES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) SAVINGS PLAN FOR EMPLOYEES OF SEATTLE TIMES COMPANY AND SUBSIDIARIES

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