Business Wire 401(k) match, vesting and fees
What Business Wire's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Newport Group, Inc. | Schedule C ↗ |
| Independent auditor | Miller Kaplan Arase LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 266 defined-contribution plans in information with 500 to 999 participants.
| Business Wire: employer contribution per participant | $3,035 | |
| Peer median | $2,049 |
| Business Wire: average balance | $217,227 | |
| Peer median | $79,099 |
| Business Wire: admin expenses ÷ assets | 0.08% | |
| Peer median | 0.16% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $118M at the end of plan year 2021 to $125M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 575 | $125M | $1.7M | $3,035 | 0.08% | Not published | Form 5500 ↗ |
| 2023 | 583 | $117M | $2.1M | $3,649 | 0.14% | Not published | Form 5500 ↗ |
| 2022 | 613 | $99.5M | $2.2M | $3,747 | 0.16% | Not published | Form 5500 ↗ |
| 2021 | 601 | $118M | $2M | $3,463 | 0.19% | Not published | Form 5500 ↗ |
Common questions
Does Business Wire match 401(k) contributions?
The match terms for the Business Wire 401k Savings Trust have not been published from its filing yet. The plan year 2024 filing reports $1.7M in employer contributions, about $3,035 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Business Wire 401(k) match vested?
The vesting schedule for the Business Wire 401k Savings Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Business Wire 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Newport Group, Inc.. The plan administrator is Business Wire, Inc..
I left Business Wire. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Business Wire, Inc., (415) 986-4422) or the recordkeeper, Newport Group, Inc.. The Business Wire old 401(k) page lists the contacts from every plan filing. Find an old Business Wire 401(k)
Data from the public Form 5500 annual reports Business Wire filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Business Wire. Not financial advice. Report a correction · Methodology