Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Gannett Media
Gannett Media 401(k)
- Information
- Pittsford, NY
- EIN 47-2390983
- 1 plan with Schedule H financials
- Plan year 2024
- Gannett Media Corp.
Administrative expenses excluding investment management, per participant · Gannett Media Corp. 401(k) Savings Plan · plan year 2024
$54.33
Higher than 64% of the 1,045 plans over $1B that report it.
Source
= $976,237 / 17,970
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009091452NAL0003778067001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009091452NAL0003778067001, received 2025-10-09
Percentiles compare this plan with the Schedule H plans over $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 2025-10-09.
Cost and contributions
Administrative expenses per participant
$54.33
Higher than 34% of the 1,076 plans over $1B that report it.
Source
= $976,237 / 17,970
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009091452NAL0003778067001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009091452NAL0003778067001, received 2025-10-09
Administrative expenses as a share of assets
0.062%
Higher than 66% of the 1,076 plans over $1B that report it.
Source
= $976,237 / $1,573,562,965
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009091452NAL0003778067001, received 2025-10-09
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009091452NAL0003778067001, received 2025-10-09
Employer contributions per participant
$91
Higher than 1% of the 1,135 plans over $1B that report it.
Source
= $1,640,208 / 17,970
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009091452NAL0003778067001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009091452NAL0003778067001, received 2025-10-09
Employer share of total contributions
3.1%
Higher than 1% of the 1,135 plans over $1B that report it.
Source
= $1,640,208 / $52,890,431
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009091452NAL0003778067001, received 2025-10-09
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009091452NAL0003778067001, received 2025-10-09
Plan terms, as stated in Gannett Media Corp.'s SEC filings
Plan terms are described in Gannett Media Corp.'s SEC filings: Form 11-K filed 2019-06-14 and Form 10-K filed 2019-02-27. No term could be quoted from them with the required precision.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2T default investment (QDIA) · 3H controlled-group sponsor · 2U · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251009091452NAL0003778067001, received 2025-10-09
Full record, Gannett Media Corp. 401(k) Savings Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | GANNETT MEDIA CORP. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Plan name | GANNETT MEDIA CORP. 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Sponsor EIN / plan number | 47-2390983 / 100 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Plan type | multiple-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Sponsor location | PITTSFORD, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Industry (business code) | 511110, Information | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Filing received | 2025-10-09 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Participants, beginning of year | 20,287 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Active participants | 8,865 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Participants, end of year | 18,766 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Participants with an account balance | 17,970 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Total assets, beginning of year | $1,522,501,799 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Total assets, end of year | $1,573,562,965 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Net assets, end of year | $1,573,562,965 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Total income | $236,389,666 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Net income | $51,061,166 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Employer contributions | $1,640,208 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Participant contributions | $47,212,599 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Other contributions (incl. rollovers) | $4,037,624 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Total contributions | $52,890,431 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Benefit payments | $184,355,441 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Total expenses (incl. benefit payments) | $185,328,500 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Total administrative expenses | $976,237 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Recordkeeping fees | $0 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Investment advisory and management fees | $0 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Administrative expenses excluding investment management | $976,237 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Held in common/collective trusts | $1,168,761,530 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Held in mutual funds | $366,182,378 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251009091452NAL0003778067001, received 2025-10-09 |
| Independent auditor | GRANT THORNTON LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251009091452NAL0003778067001, received 2025-10-09 |
Position = column in the DOL layout for form year 2024. Filing 20251009091452NAL0003778067001, received 2025-10-09.
Service providers paid directly by the plan
| 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; 71 Securities brokerage commissions and fees | $641,373 | yes |
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $122,616 | no |
| WILLIS TOWERS WATSON | INVESTMENT ADVISOR | 16 Consulting (general); 27 Investment advisory (plan); 49 Other services | $115,291 | no |
| GRANT THORNTON LLP | PLAN SPONSOR | 10 Accounting (including auditing) | $89,250 | no |
| HARTER SECREST EMERY LLP | LEGAL | 29 Legal | $5,418 | 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 20251009091452NAL0003778067001, received 2025-10-09.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $1,522,501,799 | $1,573,562,965 | 3.4% |
| Participants with a balance | 19,042 | 17,970 | -5.6% |
| Administrative expenses | $1,037,226 | $976,237 | -5.9% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $755,414 | $1,640,208 | 117.1% |
Prior filing 20241009141358NAL0010707187001, received 2024-10-09; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: GANNETT MEDIA CORP.; SEC registrant: Gannett Media Corp. (CIK 1635718, matched by EIN).