Plan Ledger DOL Form 5500 · updated monthly

Penske Media Corporation401(k)

PENSKE MEDIA CORPORATION 401(K) RETIREMENT PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Penske Media Corporation reported $309,146 in plan administrative expenses for 2024: 0.28% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,285 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 0.28%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 830th-largest of 9,483 plans among California employers on file, and the 1,222nd of 11,654 in professional & technical services. In 2024, employees put in $4.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$126,153,882
Participants with balances2,129
Active participants1,283
Employer contributions$2,931,618
Employee contributions$12,277,475
Employer contribution per active participant$2,285
Average account balance$59,255
Benefits paid to participants$6,446,089
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$126.2M · 2,129 accts · $2.9M emplr
2023$96.4M · 1,901 accts · $2.7M emplr
2022$72.1M · 1,737 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$207,995
Investment management$101,151
Total administrative$309,146
The Penske Media Corporation 401(k) match · 2024
Employer contribution per active participant$2,285
Median for plans this size$3,635
2024$2,285 per active participant
2023$2,248 per active participant
2022$1,862 per active participant

Penske Media Corporation's 2024 employer contribution ran below 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 · 20244
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$12,790
THE PARAGON ALLIANCE GROUP LLC · Plan administrator · Recordkeeping$11,900
MERRILL LYNCH-EPS · Investment advisory (participants)$52,299
MERRILL LYNCH-FAS · Investment advisory (participants)$48,852

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

Recordkeeper by year2
2024John Hancock, THE PARAGON ALLIANCE GROUP LLC
2023John Hancock

This plan has changed recordkeepers within these filings. If you left Penske Media Corporation before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$309,146 · 0.28%
2023$241,730 · 0.29%
2022$201,306 · 0.27%
Same employer
Similar plansProfessional & Technical Services · California
Ubisoft, Inc. CA$129.3M · 0.14%
Eshares, Inc. dba Carta Inc. CA$129.0M · 0.38%
Stellar Solutions, Inc. CA$126.4M · 0.03%
Anaplan, Inc. CA$124.7M · 0.16%
Anduril Industries Inc CA$123.9M · 0.03%
Degenkolb Engineers CA$123.1M · 0.11%
Mindbody, Inc. CA$122.8M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202501010 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.