Plan Ledger DOL Form 5500 · updated monthly

Gray Television Inc.401(k)

GRAY TELEVISION, INC. CAPITAL ACCUMULATION PLAN · ATLANTA, GA · plan year 2025

Reported admin expense ratio · 2025
0.18%

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

Gray Television Inc. reported $1,267,776 in plan administrative expenses for 2025: 0.18% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,115 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 fell from 0.25% to 0.18%. The plan sits in the $250M–$1B size bracket, benchmarked here against 230 comparable plans and shown alongside other information & media employers. By assets it is the 53rd-largest of 2,160 plans among Georgia employers on file, and the 64th of 2,199 in information & media. In 2025, employees put in $2.01 for every $1.00 the employer contributed; active participation has grown from 8,105 to 11,052 since 2022.

Plan summary
Net assets, end of year$763,788,971
Participants with balances10,804
Active participants11,052
Employer contributions$23,372,715
Employee contributions$47,067,601
Employer contribution per active participant$2,115
Average account balance$70,695
Benefits paid to participants$81,861,732
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$763.8M · 10,804 accts · $23.4M emplr
2024$657.1M · 10,854 accts · $38.1M emplr
2023$576.0M · 11,238 accts · $35.1M emplr
2022$465.6M · 9,692 accts · $24.1M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$454,313
Investment management$787,463
Audit (IQPA)$26,000
Total administrative$1,267,776
The Gray Television Inc. 401(k) match · 2025
Employer contribution per active participant$2,115
Median for plans this size$4,295
2025$2,115 per active participant
2024$4,454 per active participant
2023$4,100 per active participant
2022$2,975 per active participant

Gray Television Inc.'s 2025 employer contribution ran below the $4,295 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$454,313
EMPOWER ADVISORY GROUP, LLC · Investment management · Investment advisory (participants)$699,963
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$87,500
WARREN AVERETT, LLC · Accounting / audit$26,000

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

Administrative cost history4
2025$1,267,776 · 0.18%
2024$1,279,028 · 0.21%
2023$1,110,152 · 0.21%
2022$1,171,231 · 0.25%
Same employer
Similar plansInformation & Media · Georgia
Cox Enterprises, Inc. GA$8.1B · 0.07%
Audacy Inc. PA$819.5M · 0.07%
Yardi Systems, Inc. CA$780.5M · 0.02%
Corelogic, Inc. CA$779.0M · 0.00%
Informa USA, Inc. NY$763.3M · 0.09%
Atlassian US, Inc. CA$750.2M · 0.01%
Sinclair, Inc. MD$748.2M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580285030 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.