Plan Snapshot
- Plan Sponsor: Salem Media Group, INC.
- Sponsor EIN: 770121400
- Sponsor Address: 4880 SANTA ROSA ROAD, CAMARILLO, CA, 93012
- Plan Type: 401(k)
- Total Participants: 1,260
- Total Assets: $127.9M
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. |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|
| ALLIANT INSURANCE SERVICES INC DBA | INVESTMENT ADVISOR | $79,333 | — | $79,333 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $69,602 | — | $69,602 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $30,682 | — | $30,682 |
| MILLER KAPLAN ARASE LLP | AUDITOR | $15,500 | — | $15,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLER KAPLAN ARASE LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $195,117
- Estimated Expense Ratio: 0.152% 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 | $195,117 | $110,015 | — | $15,500 | — |
| 2023 | $178,278 | $91,676 | — | $15,000 | — |
| 2022 | $193,958 | — | $193,958 | — | — |