# The Hearst Corporation DB Plan
Source: https://planprovider.pro/companies/the-hearst-corporation-plan-048

> The Hearst Corporation's DB plan: 1,580 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

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

| 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](https://planprovider.pro/provider/alight-solutions) — NONE

- [DELOITTE & TOUCHE LLP](https://planprovider.pro/provider/deloitte-and-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|

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