Plan Snapshot
- Plan Sponsor: Cumulus Radio Corporation
- Sponsor EIN: 860703641
- Sponsor Address: 780 JOHNSON FERRY RD NE, ATLANTA, GA, 30342
- Plan Type: 401(k)
- Total Participants: 3,094
- Total Assets: $262.1M
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. |
|---|---|---|---|---|
| 2024 | 3,094 | $262.1M | $2.4M | $17.0M |
| 2023 | 3,279 | $245.7M | $2.8M | $16.7M |
| 2022 | 3,282 | $216.5M | $2.3M | $16.7M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $286,199 | — | $286,199 |
| SAGEVIEW ADVISORY GROUP LLC | ADVISOR | $58,500 | — | $58,500 |
| WINDHAM BRANNON, LLC | ACCOUNTANT\AUDITOR | $15,000 | — | $15,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- SAGEVIEW ADVISORY GROUP LLC — ADVISOR
- WINDHAM BRANNON, LLC — ACCOUNTANT\AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $359,699
- Estimated Expense Ratio: 0.137% 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 | $359,699 | $58,500 | $1,200 | $15,000 | — |
| 2023 | $321,481 | $58,500 | $1,800 | — | — |
| 2022 | $372,092 | — | — | — | — |