Television Wisconsin, Inc. 401(k) Review & Grade
Morgan Murphy Media Savings & Profit Sharing Plan
Madison, WIInformation513 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,396Employer $ per active participant
$4,250Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$61.8MNet plan assets, end of year
$64,043Average balance per account
Score breakdown
- Employer generosity12.0 / 5024th percentile for employer $ per participant
- Low cost8.6 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving2.3 / 1516th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
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 | 24th |
| Lower admin cost | 34th |
| Employee saving | 16th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $12,467 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Television Wisconsin put in about $1,396 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.
- Direct plan expenses (0.36% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $716,369 |
| Participant (employee) contributions | $2,180,451 |
| Other contributions (incl. rollovers in) | $375,882 |
| Administrative expenses paid from the plan | $220,466 |
| Investment advisory & management fees | $162,872 |
| Benefits paid out | $11,514,529 |
| Net assets, start / end of year | $61.1M / $61.8M |
| Active participants, start / end of year | 493 / 533 |
| Participants with account balances | 965 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $155,618 reported compensation |
| Empower Annuity Insurance Company | $57,594 reported compensation |
| Empower Advisory Group, LLC | $7,254 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013102125NAL0000481107001, received 2025-10-13, EIN 39-0780599, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.