Plan Snapshot
- Plan Sponsor: Capitol News Company
- Sponsor EIN: 205354799
- Sponsor Address: 1000 WILSON BLVD., ARLINGTON, VA, 22209
- Plan Type: 401(k)
- Total Participants: 2,569
- Total Assets: $55.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 2,569 | $55.1M | -$28,809 | $3.1M |
| 2022 | 623 | $44.5M | $14,130 | $1.3M |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | NONE | $510,142 | — | $510,142 |
| SAGEVIEW ADVISORY GRP LLC | NONE | $80,000 | — | $80,000 |
| APRIO LLC | NONE | $54,000 | — | $54,000 |
| CBIZ B & I | NONE | $53,976 | — | $53,976 |
| LITTLER MENDELSON, PC | NONE | $29,424 | — | $29,424 |
| VANGUARD ADVISERS INC. | NONE | $11,154 | — | $11,154 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — NONE
- SAGEVIEW ADVISORY GRP LLC — NONE
- APRIO LLC — NONE
- VANGUARD ADVISERS INC. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $738,696
- Estimated Expense Ratio: 1.342% 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 |
|---|---|---|---|---|---|
| 2023 | $368,547 | $75,114 | — | $27,000 | — |
| 2022 | $244,157 | — | — | — | — |