Retirement plan

EAGLE NEWSPAPERS, INC. SALARY PLUS SAVINGS PLAN

Name: EAGLE NEWSPAPERS, INC. - EAGLE NEWSPAPERS, INC. SALARY PLUS SAVINGS PLAN (2023) Form 5500
Creator: EAGLE NEWSPAPERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EAGLE NEWSPAPERS, INC. SALARY PLUS SAVINGS PLAN, EAGLE NEWSPAPERS, INC.

EAGLE NEWSPAPERS, INC.EIN 93-0475209Plan #002PY 2023

4901 INDIAN SCHOOL ROAD, N.E. - SALEM, OR 97309503-393-1774

Prospect flagsLow returnsHigh feesLow participationLow participant contribution

Top hat statement on fileNQDC

Filed June 16, 2005

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)

$4.3M

+5.3% from 2022

Total participants

131

-23.4% from 2022

Average account balance

$38,932

+47.4% from 2022

Annual return

14.63%

+26.93 pp from 2022

Benchmarks

See 3,174 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,174 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.63M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

105

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.

55.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$129K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$714

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.9+ years Service code 15 · EIN 91-0675641	Recordkeeping	$29,570
ALDRICH WEALTH LIMITED PARTNERSHIP7 years Filed as: ALDRICH CPAS AND ADVISORS, LLP Service code 10 · EIN 93-0623286	Accounting	$15,000
DESCHUTES INVESTMENT CONSULTING9+ years Filed as: DESCHUTES INVESTMENT ADVISORS Service code 27 · EIN 87-0554544	Advisory (Plan)	$14,509
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$2,910
CHARLES SCHWAB & CO., INC.9+ years Service code 19 · EIN 94-1737782	Securities Custodian	$0

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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant 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

$62K

$1348 / participant

Recordkeeping$30K47.7%
Trustee / custodial$3K4.7%
Investment mgmt$15K23.4%
Other / not subdivided$15K24.2%

% of EOY assets

1.448%

all-in expense ratio

Categories reported

3 / 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: ALDRICH CPAS AND ADVISORS, LLP
Auditor EIN: 930623286
Audit fees: $15,000
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,932

$68,346-43.0%

$94,646-58.9%

$75,163-48.2%

Participation rate

54.3%

76.1%-21.8pp

80.8%-26.5pp

67.2%-12.8pp

Annual return

14.63%

616.93%-602.3pp

156.71%-142.1pp

160.62%-146.0pp

Employer contribution / active EE

$2,701-100.0%

$3,672-100.0%

$2,670-100.0%

Participant deferral / active EE

$2,383

$6,537-63.6%

$7,418-67.9%

$4,125-42.2%

Admin fee / account holder

$564

$5,326-89.4%

$7,231-92.2%

$5,651-90.0%

Provider

Service type

Compensation

MILLIMAN, INC.9+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$29,570

ALDRICH WEALTH LIMITED PARTNERSHIP7 years

Filed as: ALDRICH CPAS AND ADVISORS, LLP

Service code 10 · EIN 93-0623286

Accounting

$15,000

DESCHUTES INVESTMENT CONSULTING9+ years

Filed as: DESCHUTES INVESTMENT ADVISORS

Service code 27 · EIN 87-0554544

Advisory (Plan)

$14,509

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$2,910

CHARLES SCHWAB & CO., INC.9+ years

Service code 19 · EIN 94-1737782

Securities Custodian

EAGLE NEWSPAPERS, INC. SALARY PLUS SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EAGLE NEWSPAPERS, INC. SALARY PLUS SAVINGS PLAN

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