Plan Ledger DOL Form 5500 · updated monthly

Capitol News Company401(k)

CNC PERPETUAL 401(K) PLAN · ARLINGTON, VA · plan year 2023

Reported admin expense ratio · 2023
0.74%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Capitol News Company reported $368,547 in plan administrative expenses for 2023: 0.74% of average plan assets, higher than ~90% of peers. Employer contributions averaged -$11 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 0.32% to 0.74%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other information & media employers. By assets it is the 454th-largest of 2,266 plans among Virginia employers on file, and the 482nd of 2,199 in information & media.

Plan summary
Net assets, end of year$55,050,246
Participants with balances3,371
Active participants2,569
Employer contributions-$28,809
Employee contributions$3,149,133
Employer contribution per active participant-$11
Average account balance$16,331
Benefits paid to participants$3,827,143
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history2
Yearassets · accounts · employer contribution
2023$55.1M · 3,371 accts
2022$44.5M · 1,330 accts · $14K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$221,293
Investment management$75,114
Audit (IQPA)$27,000
Total administrative$368,547
The Capitol News Company 401(k) match · 2023
Employer contribution per active participant-$11
Median for plans this size$2,440

Capitol News Company's 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20236
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$255,071
SAGEVIEW ADVISORY GRP LLC · Consulting$40,000
APRIO LLC · Accounting / audit$27,000
CBIZ B & I · Consulting$26,988
LITTLER MENDELSON, PC · Legal$14,712
VANGUARD ADVISERS INC. · Investment advisory (participants)$5,577

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$368,547 · 0.74%
2022$244,157 · 0.32%
Similar plansInformation & Media · Virginia
Politico Media Group, LLC VA$86.4M · 0.16%
Unanet, Inc. VA$57.1M · 0.14%
Gridiron Fiber Corp. VA$56.2M · 0.25%
Verite Group, Inc. VA$47.4M · 0.01%
Tax Analysts VA$42.4M · 0.16%
Trader Interactive, LLC VA$40.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205354799 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.