Plan Snapshot
- Plan Sponsor: Associated Press
- Sponsor EIN: 130452880
- Sponsor Address: 200 LIBERTY ST., NEW YORK, NY, 10281
- Plan Type: DB
- Total Participants: 562
- Total Assets: $430.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 562 | $430.1M | $0 | $0 |
| 2023 | 592 | $465.4M | $0 | $0 |
| 2022 | 627 | $456.4M | $8.0M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MERCER INVESTMENTS LLC | FIDUCIARY | $526,469 | — | $526,469 |
| THE NORTHEN TRUST COMPANY | NONE | $130,883 | — | $130,883 |
| MERCER (US) INC. | NONE | $91,255 | — | $91,255 |
| ERNST & YOUNG LLP | NONE | $60,763 | — | $60,763 |
| WALLACH & ASSOCIATES INC | NONE | $8,000 | — | $8,000 |
| STATE STREET RESEARCH & MANAGEMENT | NONE | $7,508 | — | $7,508 |
| PENSION BENEFIT INFORMATION, LLC | NONE | $6,924 | — | $6,924 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERNST & YOUNG LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $831,802
- Estimated Expense Ratio: 0.193% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $3,613,207 | $534,274 | $67,687 | $60,763 | — |
| 2023 | $4,141,588 | $557,669 | $148,973 | $59,698 | — |
| 2022 | $2,097,773 | $651,825 | — | — | $917,538 |