Phila Media Network Newspapers LLCProfit-sharing plan
PHILA MEDIA NETWORK (NEWSPAPERS) LLC GCC/IBT LOCAL 16N SEVERANCE FUND · SOUTHEASTERN, PA · plan year 2022
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Phila Media Network Newspapers LLC reported $34,429 in plan administrative expenses for 2022: 2.59% of average plan assets, higher than ~90% of peers. Employer contributions averaged $424 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 2.59% to 3.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Pennsylvania (3,502nd of 3,651), and 2,145th of 2,199 in information & media.
Phila Media Network Newspapers LLC's 2022 employer contribution ran below the $1,114 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 232486653 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.