Hubbard Broadcasting, Inc. 401(k) Review & Grade
Hbi 401(k) Retirement Savings Plan
ST. Paul, MNInformation1,761 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,167Employer $ per active participant
$7,179Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$383.9MNet plan assets, end of year
$157,266Average balance per account
Score breakdown
- Employer generosity28.3 / 5057th percentile for employer $ per participant
- Low cost24.2 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 97th |
| Employee saving | 40th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $9,007 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hubbard Broadcasting put in about $3,167 per active participant, more than the typical peer ($2,829). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $5,577,372 |
| Participant (employee) contributions | $12,641,648 |
| Other contributions (incl. rollovers in) | $1,915,092 |
| Administrative expenses paid from the plan | $52,713 |
| Investment advisory & management fees | $90,284 |
| Benefits paid out | $30,812,554 |
| Net assets, start / end of year | $334.4M / $383.9M |
| Active participants, start / end of year | 1,810 / 1,712 |
| Participants with account balances | 2,441 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Olsen Thielen & Co., LTD. |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $90,284 reported compensation |
| Fidelity Investments Institutional | −$37,571 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730161321NAL0004350001001, received 2025-07-30, EIN 41-1427680, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.