Learfield Communications, LLC 401(k) Review & Grade
Learfield Communications 401(k) Plan
Jefferson City, MOInformation2,138 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,568Employer $ per active participant
$8,487Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$199.1MNet plan assets, end of year
$66,910Average balance per account
Score breakdown
- Employer generosity21.8 / 5044th percentile for employer $ per participant
- Low cost14.6 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1548th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 58th |
| Employee saving | 48th |
| 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 ($5,963,010 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $8,752 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Learfield Communications put in about $2,568 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $5,488,595 |
| Participant (employee) contributions | $18,140,193 |
| Other contributions (incl. rollovers in) | $1,203,781 |
| Administrative expenses paid from the plan | $322,671 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $122,476 |
| Benefits paid out | $12,833,820 |
| Net assets, start / end of year | $164.7M / $199.1M |
| Active participants, start / end of year | 2,012 / 2,263 |
| Participants with account balances | 2,975 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $200,195 reported compensation |
| Prime Capital Investment Advisors | $122,476 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015094028NAL0004205697001, received 2025-10-15, EIN 90-0776492, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.