Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Saga Communications
Saga Communications 401(k)
- SGA Nasdaq
- Information
- Grosse Pointe Farms, MI
- EIN 38-3042953
- 1 plan with Schedule H financials
- Plan year 2024
- Saga Communications, Inc.
- filed as Saga Communications Inc.
- SEC registrant Saga Communications Inc
Administrative expenses excluding investment management, per participant · Saga Communications, Inc. Employees' 401(k) Savings & Investment Plan · plan year 2024
$60.22
Higher than 29% of the 24,371 plans $10 to 50M that report it.
Source
= $38,239 / 635
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250731130022NAL0007114288002, received 2025-07-31
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250731130022NAL0007114288002, received 2025-07-31
Percentiles compare this plan with the Schedule H plans $10 to 50M 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 2025-07-31.
Cost and contributions
Administrative expenses per participant
$60.22
Higher than 19% of the 25,098 plans $10 to 50M that report it.
Source
= $38,239 / 635
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250731130022NAL0007114288002, received 2025-07-31
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250731130022NAL0007114288002, received 2025-07-31
Administrative expenses as a share of assets
0.083%
Higher than 18% of the 25,132 plans $10 to 50M that report it.
Source
= $38,239 / $46,241,989
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250731130022NAL0007114288002, received 2025-07-31
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250731130022NAL0007114288002, received 2025-07-31
Employer contributions per participant
$458
Higher than 6% of the 24,050 plans $10 to 50M that report it.
Source
= $290,728 / 635
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250731130022NAL0007114288002, received 2025-07-31
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250731130022NAL0007114288002, received 2025-07-31
Employer share of total contributions
7.4%
Higher than 3% of the 24,084 plans $10 to 50M that report it.
Source
= $290,728 / $3,909,670
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250731130022NAL0007114288002, received 2025-07-31
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250731130022NAL0007114288002, received 2025-07-31
Plan terms, as stated in Saga Communications, Inc.'s SEC filings
Vesting
“Participants are immediately vested in their contributions and the employer discretionary match plus actual earnings thereon.”
Form 11-K filed 2026-06-29, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“All newly hired eligible employees are automatically enrolled to defer 3% of their pay unless they choose a different amount.”
Form 11-K filed 2026-06-29, for the year ended 2025-12-31 · plan description note, general · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · 3I · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250731130022NAL0007114288002, received 2025-07-31
Full record, Saga Communications, Inc. Employees' 401(k) Savings & Investment Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SAGA COMMUNICATIONS INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Plan name | SAGA COMMUNICATIONS, INC. EMPLOYEES' 401 (K) SAVINGS & INVESTMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Sponsor EIN / plan number | 38-3042953 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Sponsor location | GROSSE POINTE FARMS, MI | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Industry (business code) | 515100, Information | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Filing received | 2025-07-31 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Participants, beginning of year | 932 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Active participants | 821 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Participants, end of year | 942 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Participants with an account balance | 635 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Total assets, beginning of year | $43,704,261 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Total assets, end of year | $46,241,989 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Net assets, end of year | $46,241,989 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Total income | $6,540,246 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Net income | $2,537,728 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Employer contributions | $290,728 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Participant contributions | $2,259,561 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Other contributions (incl. rollovers) | $1,359,381 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Total contributions | $3,909,670 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Benefit payments | $3,964,279 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Total expenses (incl. benefit payments) | $4,002,518 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Total administrative expenses | $38,239 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Contract administrator fees | $38,239 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Administrative expenses excluding investment management | $38,239 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Held in mutual funds | $32,481,982 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250731130022NAL0007114288002, received 2025-07-31 |
| Independent auditor | UHY LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250731130022NAL0007114288002, received 2025-07-31 |
Position = column in the DOL layout for form year 2024. Filing 20250731130022NAL0007114288002, received 2025-07-31.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT-ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $38,239 | yes |
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 20250731130022NAL0007114288002, received 2025-07-31.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $43,704,261 | $46,241,989 | 5.8% |
| Participants with a balance | 566 | 635 | 12.2% |
| Administrative expenses | $30,989 | $38,239 | 23.4% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $267,689 | $290,728 | 8.6% |
Prior filing 20241015210107NAL0029664033003, received 2024-10-15; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: SAGA COMMUNICATIONS INC.; SEC registrant: SAGA COMMUNICATIONS INC (CIK 886136, matched by EIN; display name from the Form 11-K cover).