Plan Ledger DOL Form 5500 · updated monthly

Multicultural Radio Broadcasting401(k)

MULTICULTURAL RADIO BROADCASTING 401(K) SAVINGS PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.01%

Multicultural Radio Broadcasting reported $2,928 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. 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 2 years on file its reported administrative ratio rose from 0.00% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 2,389th-largest of 5,648 plans among New York employers on file, and the 973rd of 2,199 in information & media.

Plan summary
Net assets, end of year$21,897,863
Participants with balances96
Active participants134
Employer contributions—
Employee contributions$818,159
Employer contribution per active participant—
Average account balance$228,103
Benefits paid to participants$798,561
Plan auditUnmodified (clean) audit opinion
AuditorKLICHS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.9M · 96 accts
2023$19.3M · 104 accts
2022$16.7M · 106 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$725
Investment management$2,203
Total administrative$2,928
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 · 20244
MORGAN STANLEY SMITH BARNEY · Recordkeeping · Trustee$30,946
MORGAN STANLEY GLOBAL BANKING OPERA · Recordkeeping · Trustee$30,824
ADP, INC. · Loan processing · Recordkeeping$725
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, Morgan Stanley
2023ADP, Morgan Stanley

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Administrative cost history3
2024$2,928 · 0.01%
2023$671 · 0.00%
2022$610 · 0.00%
Similar plansInformation & Media · New York
Bcm One, Inc. NY$22.5M · 0.11%
Bitly, Inc. NY$22.4M · 0.02%
Fwd Media Inc NY$21.8M · 0.60%
Fair Health, Inc. NY$21.3M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222425921 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.