Cumulus Radio Corporation 401(k) Review & Grade
Cumulus Media 401(k) Plan
Atlanta, GAInformation3,186 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$763Employer $ per active participant
$5,326Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$262.1MNet plan assets, end of year
$65,919Average balance per account
Score breakdown
- Employer generosity5.1 / 5010th percentile for employer $ per participant
- Low cost11.4 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Information plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 46th |
| Employee saving | 22th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Cumulus Radio put in about $763 per active participant, below the typical peer ($3,691). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,431,371 |
| Participant (employee) contributions | $16,971,975 |
| Other contributions (incl. rollovers in) | $1,849,284 |
| Administrative expenses paid from the plan | $359,699 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $58,500 |
| Benefits paid out | $32,195,067 |
| Net assets, start / end of year | $245.7M / $262.1M |
| Active participants, start / end of year | 3,279 / 3,094 |
| Participants with account balances | 3,976 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Windham Brannon, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $286,199 reported compensation |
| Sageview Advisory Group LLC | $58,500 reported compensation |
| Windham Brannon, LLC | $15,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250701132122NAL0007032499001, received 2025-07-01, EIN 86-0703641, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.