Saga Communications Inc. 401(k) Review & Grade
Saga Communications, Inc. Employees' 401 (K) Savings & Investment Plan
Grosse Pointe Farms, MIInformation812 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$358Employer $ per active participant
$2,784Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$46.2MNet plan assets, end of year
$72,822Average balance per account
Score breakdown
- Employer generosity6.0 / 5012th percentile for employer $ per participant
- Low cost19.4 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 78th |
| Employee saving | 10th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Saga Communications put in about $358 per active participant, below the typical peer ($2,829). 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.
- 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 | $290,728 |
| Participant (employee) contributions | $2,259,561 |
| Other contributions (incl. rollovers in) | $1,359,381 |
| Administrative expenses paid from the plan | $38,239 |
| Contract administrator fees | $38,239 |
| Benefits paid out | $3,964,279 |
| Net assets, start / end of year | $43.7M / $46.2M |
| Active participants, start / end of year | 802 / 821 |
| Participants with account balances | 635 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Uhy LLP |
| Employer stock held by plan | $1,749,174 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $38,239 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731130022NAL0007114288002, received 2025-07-31, EIN 38-3042953, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.