Plan Ledger DOL Form 5500 · updated monthly

Forbes Media LLC401(k)

EMPLOYEE SAVINGS INCENTIVE THRIFT PLAN OF FORBES MEDIA LLC · JERSEY CITY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Forbes Media LLC reported $102,833 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $6,285 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 3 years on file its reported administrative ratio has held roughly steady near 0.072%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other information & media employers. By assets it is the 268th-largest of 2,419 plans among New Jersey employers on file, and the 234th of 2,199 in information & media. In 2024, employees put in $1.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$157,041,788
Participants with balances909
Active participants545
Employer contributions$3,425,537
Employee contributions$6,614,566
Employer contribution per active participant$6,285
Average account balance$172,763
Benefits paid to participants$8,161,270
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$157.0M · 909 accts · $3.4M emplr
2023$130.5M · 962 accts · $3.2M emplr
2022$103.9M · 876 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,693
Investment management$27,140
Total administrative$102,833
The Forbes Media LLC 401(k) match · 2024
Employer contribution per active participant$6,285
Median for plans this size$3,635
2024$6,285 per active participant
2023$5,284 per active participant
2022$4,986 per active participant

Forbes Media LLC's 2024 employer contribution ran above the $3,635 median for plans its size. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$75,694
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$27,140

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

Administrative cost history3
2024$102,833 · 0.07%
2023$106,626 · 0.09%
2022$84,325 · 0.07%
Same employer
Similar plansInformation & Media · New Jersey
Ses Americom Inc. NJ$250.4M · 0.04%
A. M. Best Company NJ$187.2M · 0.02%
Idt Corporation NJ$182.3M · 0.29%
Enghouse Interactive NJ$102.7M · 0.16%
Workwave LLC NJ$89.6M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 342065766 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.