Audacy Inc. 401(k) Review & Grade
Audacy Inc. 401(k) Savings & Retirement Plan
Philadelphia, PAInformation3,928 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,968Employer $ per active participant
$8,381Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$819.5MNet plan assets, end of year
$127,168Average balance per account
Score breakdown
- Employer generosity11.9 / 5024th percentile for employer $ per participant
- Low cost16.8 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 67th |
| Employee saving | 49th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,578 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Audacy put in about $1,968 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.
- 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 | $7,729,466 |
| Participant (employee) contributions | $32,918,631 |
| Other contributions (incl. rollovers in) | $3,351,788 |
| Administrative expenses paid from the plan | $575,776 |
| Other admin expenses | $575,776 |
| Benefits paid out | $73,542,666 |
| Net assets, start / end of year | $758.6M / $819.5M |
| Active participants, start / end of year | 4,008 / 3,848 |
| Participants with account balances | 6,444 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $259,553 reported compensation |
| The Vanguard Group, Inc. | $219,069 reported compensation |
| Captrust | $99,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006171415NAL0002264035001, received 2025-10-06, EIN 23-1701044, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.