Employers › Citadel Broadcasting
Recordkeeping fees per participant · Cumulus Media 401(k) Plan · plan year 2024
$71.68
Higher than 79% of the 1,697 plans $250M to 1B that report it.
= $284,999 / 3,976
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250701132122NAL0007032499001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701132122NAL0007032499001, received 2025-07-01
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-01.
Administrative expenses excluding investment management, per participant
$75.75
Higher than 59% of the 2,324 plans $250M to 1B that report it.
= $301,199 / 3,976
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250701132122NAL0007032499001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701132122NAL0007032499001, received 2025-07-01
Administrative expenses per participant
$90.47
Higher than 52% of the 2,405 plans $250M to 1B that report it.
= $359,699 / 3,976
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250701132122NAL0007032499001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701132122NAL0007032499001, received 2025-07-01
Administrative expenses as a share of assets
0.137%
Higher than 80% of the 2,407 plans $250M to 1B that report it.
= $359,699 / $262,093,757
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250701132122NAL0007032499001, received 2025-07-01
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250701132122NAL0007032499001, received 2025-07-01
Employer contributions per participant
$612
Higher than 4% of the 2,457 plans $250M to 1B that report it.
= $2,431,371 / 3,976
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250701132122NAL0007032499001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701132122NAL0007032499001, received 2025-07-01
Employer share of total contributions
11.4%
Higher than 4% of the 2,459 plans $250M to 1B that report it.
= $2,431,371 / $21,252,630
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250701132122NAL0007032499001, received 2025-07-01
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250701132122NAL0007032499001, received 2025-07-01
Plan terms are not published in public filings.
2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · 2E profit-sharing · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250701132122NAL0007032499001, received 2025-07-01
| Field | Value | Source |
|---|---|---|
| Plan sponsor | CUMULUS RADIO CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Plan name | CUMULUS MEDIA 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Sponsor EIN / plan number | 86-0703641 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Sponsor location | ATLANTA, GA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Industry (business code) | 515100, Information | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Filing received | 2025-07-01 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Participants, beginning of year | 5,676 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Active participants | 3,094 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Participants, end of year | 4,371 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Participants with an account balance | 3,976 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Total assets, beginning of year | $245,661,802 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Total assets, end of year | $262,093,757 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Net assets, end of year | $262,093,757 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Total income | $48,998,729 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Net income | $16,431,955 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Employer contributions | $2,431,371 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Participant contributions | $16,971,975 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Other contributions (incl. rollovers) | $1,849,284 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Total contributions | $21,252,630 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Benefit payments | $32,195,067 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Total expenses (incl. benefit payments) | $32,566,774 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Total administrative expenses | $359,699 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Contract administrator fees | $1,200 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Recordkeeping fees | $284,999 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| IQPA audit fees | $15,000 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Investment advisory and management fees | $58,500 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Administrative expenses excluding investment management | $301,199 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Held in common/collective trusts | $196,581,831 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Held in mutual funds | $63,123,613 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250701132122NAL0007032499001, received 2025-07-01 |
| Independent auditor | WINDHAM BRANNON, LLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250701132122NAL0007032499001, received 2025-07-01 |
Position = column in the DOL layout for form year 2024. Filing 20250701132122NAL0007032499001, received 2025-07-01.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees | $286,199 | yes |
| SAGEVIEW ADVISORY GROUP LLC | ADVISOR | 27 Investment advisory (plan) | $58,500 | no |
| WINDHAM BRANNON, LLC | ACCOUNTANT\AUDITOR | 10 Accounting (including auditing) | $15,000 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250701132122NAL0007032499001, received 2025-07-01.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $245,661,802 | $262,093,757 | 6.7% |
| Participants with a balance | 5,203 | 3,976 | -23.6% |
| Administrative expenses | $321,481 | $359,699 | 11.9% |
| Recordkeeping fees per participant | $50.20 | $71.68 | 42.8% |
| Employer contributions | $2,786,785 | $2,431,371 | -12.8% |
Prior filing 20240702210907NAL0005776161001, received 2024-07-02; the plan years are contiguous.
Sponsor name as filed: CUMULUS RADIO CORPORATION; SEC registrant: CITADEL BROADCASTING CO (CIK 1042742, matched by EIN).