The Hearst Corporation DB Plan

Form 5500 filing data for plan year 2024.

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

YearParticipantsTotal AssetsEmployer Contrib.Employee Contrib.
20241,580$2.4B$0$0
20231,745$2.4B$0$0
20221,922$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 SOLUTIONSNONE$926,181$2,446$928,627
TRUIST BANKCONTRACT ADMINISTRATOR$195,867$195,867
MERCERACTUARY$188,410$188,410
DELOITTE & TOUCHE LLPAUDITOR$76,478$76,478
CURCIO WEBBNONE$20,500$20,500

Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

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

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