Iheart Communications, Inc. 401(k) Review & Grade
Iheart Media, Inc. 401k Savings Plan
Dallas, TXInformation8,934 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$15Employer $ per active participant
$5,465Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$175,431Average balance per account
Score breakdown
- Employer generosity2.5 / 505th percentile for employer $ per participant
- Low cost24.9 / 25100th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 100th |
| Employee saving | 25th |
| Peers that auto-enroll | 63% |
Red flags from the filing
Corrective distributions: the plan refunded $12,278 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Iheart Communications put in about $15 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 | $136,745 |
| Participant (employee) contributions | $48,826,697 |
| Other contributions (incl. rollovers in) | $7,376,444 |
| Administrative expenses paid from the plan | $25,612 |
| Contract administrator fees | $4,500 |
| Investment advisory & management fees | $270,846 |
| Other admin expenses | $92,550 |
| Benefits paid out | $144,477,741 |
| Net assets, start / end of year | $1.3B / $1.4B |
| Active participants, start / end of year | 9,125 / 8,743 |
| Participants with account balances | 8,238 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $270,846 reported compensation |
| NFB Retirement Inc | $92,500 reported compensation |
| Baker Tilly US, LLP | $30,479 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010173002NAL0008537009001, received 2025-10-10, EIN 74-1787539, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
Other 401(k) plans filed under this employer's EIN
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