Plan Snapshot
- Plan Sponsor: States Newsroom
- Sponsor EIN: 842113822
- Sponsor Address: 50 F ST NW STE 460, WASHINGTON, DC, 200015943
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 264
- Total Assets: $9.5M
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. |
|---|---|---|---|---|
| 2025 | 264 | $9.5M | $0 | $0 |
| 2024 | 217 | $7.0M | $475,229 | $1.4M |
| 2023 | 212 | $4.4M | $378,978 | $1.1M |
| 2022 | 146 | $2.3M | $248,785 | $690,034 |
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 |
|---|---|---|---|---|
| PAYCHEX, INC. | Recordkeeper | $28,904 | — | $28,904 |
| 401K GENERATION | Recordkeeper | $17,418 | — | $17,418 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,322
- Estimated Expense Ratio: 0.490% 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 | $969,063 | $4,148 | $43,680 | — | — |
| 2024 | $34,316 | $253 | $33,203 | — | — |
| 2023 | $14,008 | $141 | $13,724 | — | — |
| 2022 | $7,906 | $94 | $7,812 | — | — |