Plan Ledger DOL Form 5500 · updated monthly

Spanish Broadcasting Systems, Inc.401(k)

SPANISH BROADCASTING SYSTEMS 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.56%

Spanish Broadcasting Systems, Inc. reported $56,848 in plan administrative expenses for 2024: 0.56% of average plan assets, higher 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 0.49% to 0.56%. 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 1,726th-largest of 3,644 plans among Florida employers on file, and 1,478th of 2,199 in information & media. active participation has shrunk from 496 to 397 since 2022.

Plan summary
Net assets, end of year$10,571,805
Participants with balances170
Active participants397
Employer contributions—
Employee contributions$827,893
Employer contribution per active participant—
Average account balance$62,187
Benefits paid to participants$1,419,455
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.6M · 170 accts
2023$9.8M · 182 accts
2022$8.2M · 168 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,848
Total administrative$56,848
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 · 20243
GLOBAL RETIREMENT PARTNERS LLCindirect comp
DYATECH, LLC · Other servicesindirect comp

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$56,848 · 0.56%
2023$46,365 · 0.52%
2022$45,310 · 0.49%
Same employer
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Ocean Communications, LLC FL$9.4M · 0.06%
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Recurrent Ventures Inc. FL$8.6M · 0.51%
South Florida Pbs, Inc FL$7.9M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133827791 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.