Block Communications, Inc. 401(k) Review & Grade
Block Communications Savings Plan
Toledo, OHInformation1,280 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,111Employer $ per active participant
$4,995Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$210.6MNet plan assets, end of year
$113,170Average balance per account
Score breakdown
- Employer generosity27.7 / 5055th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1521th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 71th |
| Employee saving | 21th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($153,916 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Block Communications put in about $3,111 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $3,983,447 |
| Participant (employee) contributions | $6,396,352 |
| Other contributions (incl. rollovers in) | $122,291 |
| Administrative expenses paid from the plan | $230,857 |
| Investment advisory & management fees | $39,288 |
| Benefits paid out | $23,091,123 |
| Net assets, start / end of year | $194.1M / $210.6M |
| Active participants, start / end of year | 1,329 / 1,232 |
| Participants with account balances | 1,861 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rehmann Robson LLC |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015065816NAL0005377024001, received 2025-10-15, EIN 34-4374555, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.