Retirement plan

UNIVISION SAVINGS TAX ADVANTAGE RETIREMENT PLAN

Name: UNIVISION COMMUNICATIONS INC. - UNIVISION SAVINGS TAX ADVANTAGE RETIREMENT PLAN (2023) Form 5500
Creator: UNIVISION COMMUNICATIONS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVISION SAVINGS TAX ADVANTAGE RETIREMENT PLAN, UNIVISION COMMUNICATIONS INC.

UNIVISION COMMUNICATIONS INC.EIN 95-4398884Plan #002PY 2023

GLENPOINTE CENTRE WEST, 500 FRANK W. BURR BLVD. 1ST FLOOR - TEANECK, NJ 07666201-287-4200

Prospect flagsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$474.5M

-7.0% from 2016

Total participants

5,647

-5.6% from 2016

Average account balance

$96,958

+10.8% from 2016

Annual return

20.57%

-7.00 pp from 2016

Benchmarks

See 175 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants1,000-4,999

Cohort175 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$529.25M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

4,829

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.

73.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$33.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$127

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$271,198
STRATEGIC ADVISORS, INC.9+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$154,225
CAPFINANCIAL PARTNERS LLC8 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$114,907
WITHEM AUDIT TAX ADVISORY4 years Service code 27 · EIN 22-2027092	Advisory (Plan)	$41,340

Plan features & details

Pension benefit codes2K2T3H2F2J3D2G

Plan features

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.
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.
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

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$582K

$170 / participant

Recordkeeping$271K46.6%
Investment mgmt$269K46.3%
Contract admin$3000.1%
Other / not subdivided$41K7.1%

% of EOY assets

0.123%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUMSMITH AND BROWN, PC
Auditor EIN: 222027092
Audit fees: $41,340
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,958

$103,918-6.7%

$94,677+2.4%

$80,187+20.9%

Participation rate

78.0%

85.8%-7.8pp

80.8%-2.8pp

72.9%+5.1pp

Annual return

20.57%

27.77%-7.2pp

156.95%-136.4pp

40.40%-19.8pp

Employer contribution / active EE

$2,512

$3,539-29.0%

$3,673-31.6%

$2,980-15.7%

Participant deferral / active EE

$7,442

$9,528-21.9%

$7,418+0.3%

$5,016+48.4%

Admin fee / account holder

$119

$96+23.3%

$7,222-98.4%

$145-18.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$271,198

STRATEGIC ADVISORS, INC.9+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$154,225

CAPFINANCIAL PARTNERS LLC8 years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$114,907

WITHEM AUDIT TAX ADVISORY4 years

Service code 27 · EIN 22-2027092

Advisory (Plan)

$41,340

UNIVISION SAVINGS TAX ADVANTAGE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVISION SAVINGS TAX ADVANTAGE RETIREMENT PLAN

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