Plan Snapshot
- Plan Sponsor: Iheart Communications, INC.
- Sponsor EIN: 741787539
- Sponsor Address: RETIREMENT BENEFITS DEPARTMENT, DALLAS, TX, 75219
- Plan Type: 401(k)
- Total Participants: 8,743
- Total Assets: $1.4B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 8,743 | $1.4B | $136,745 | $48.8M |
| 2023 | 9,125 | $1.3B | $4.8M | $49.9M |
| 2022 | 8,862 | $1.1B | $13.8M | $48.5M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $270,846 | — | $270,846 |
| NFB RETIREMENT INC | CONSULTANT | $92,500 | — | $92,500 |
| BAKER TILLY US, LLP | ACCOUNTANT/AUDITOR | $30,479 | — | $30,479 |
| FINSTON FRIEDMAN FISHER LAW GRP LLP | ATTORNEY/LEGAL | $17,000 | — | $17,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- NFB RETIREMENT INC — CONSULTANT
- BAKER TILLY US, LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $410,825
- Estimated Expense Ratio: 0.028% 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 | $25,612 | $270,846 | $4,500 | $30,479 | — |
| 2023 | -$110,364 | $253,963 | $2,100 | — | — |
| 2022 | -$70,768 | $262,707 | — | — | — |