Plan Snapshot
- Plan Sponsor: The Hearst Corporation
- Sponsor EIN: 130433120
- Sponsor Address: 3540 TORINGDON WAY, CHARLOTTE, NC, 28277
- Plan Type: DB
- Total Participants: 1,580
- Total Assets: $2.4B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,580 | $2.4B | $0 | $0 |
| 2023 | 1,745 | $2.4B | $0 | $0 |
| 2022 | 1,922 | $2.1B | $0 | $0 |
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 |
|---|---|---|---|---|
| ALIGHT SOLUTIONS | NONE | $926,181 | $2,446 | $928,627 |
| TRUIST BANK | CONTRACT ADMINISTRATOR | $195,867 | — | $195,867 |
| MERCER | ACTUARY | $188,410 | — | $188,410 |
| DELOITTE & TOUCHE LLP | AUDITOR | $76,478 | — | $76,478 |
| CURCIO WEBB | NONE | $20,500 | — | $20,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS — NONE
- DELOITTE & TOUCHE LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,409,882
- Estimated Expense Ratio: 0.059% 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 | $3,040,708 | — | $1,142,549 | $76,478 | — |
| 2023 | $2,984,760 | — | $1,136,245 | $71,523 | — |
| 2022 | $2,978,447 | — | $183,891 | — | $1,311,932 |