The Mcclatchy Company, LLC 401(k) Review & Grade
The Mcclatchy Company 401(k) Plan
Sacramento, CAInformation1,040 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$940Employer $ per active participant
$6,438Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$601.6MNet plan assets, end of year
$200,530Average balance per account
Score breakdown
- Employer generosity8.7 / 5017th percentile for employer $ per participant
- Low cost20.3 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1534th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 81th |
| Employee saving | 34th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $873 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mcclatchy Company put in about $940 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.
- 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 | $977,618 |
| Participant (employee) contributions | $6,699,252 |
| Other contributions (incl. rollovers in) | $1,114,368 |
| Administrative expenses paid from the plan | $430,285 |
| Other admin expenses | $430,285 |
| Benefits paid out | $84,318,419 |
| Net assets, start / end of year | $592.9M / $601.6M |
| Active participants, start / end of year | 1,093 / 988 |
| Participants with account balances | 3,000 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $186,306 reported compensation |
| Vanguard Advisers Inc. | $174,366 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926134935NAL0010190016001, received 2025-09-26, EIN 85-2617302, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.