Plan Snapshot
- Plan Sponsor: Salem Media Group, INC.
- Sponsor EIN: 770121400
- Sponsor Address: 770 PASEO CAMARILLO SUITE 325, CAMARILLO, CA, 93010
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,341
- Total Assets: $129.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 1,341 | $129.2M | $0 | $0 |
| 2024 | 1,260 | $127.9M | $0 | $7.7M |
| 2023 | 1,188 | $121.8M | $1.2M | $8.2M |
| 2022 | 1,380 | $105.4M | $2.0M | $8.0M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $75,866 | — | $75,866 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $35,860 | — | $35,860 |
| ALLIANT INSURANCE SERVICES INC DBA | Investment Advisor | $26,610 | — | $26,610 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $138,336
- Estimated Expense Ratio: 0.107% 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 |
|---|---|---|---|---|---|
| 2025 | $23,529,856 | $62,470 | — | — | — |
| 2024 | $195,117 | $110,015 | — | $15,500 | — |
| 2023 | $178,278 | $91,676 | — | $15,000 | — |
| 2022 | $193,958 | — | $193,958 | — | — |