Plan5500

Saga Communications, Inc. Employees' 401 (K) Savings & Investment Plan — Form 5500 plan (Saga Communications Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Saga Communications, Inc. Employees' 401 (K) Savings & Investment Plan is a benefit plan reported by Saga Communications Inc. under EIN 38-3042953 and plan number 001. The latest loaded filing year is 2023. The filing reports 908 participants and $43,704,261 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$43.7MPlan net assets, end of year$43,704,261
Participants908Covered participants reported
Assets / participant$48.1KComputed: assets ÷ participants$48,132 (computed)
Provider compensation$31K1 Schedule C provider row(s)$30,989
Plan sponsor
Saga Communications Inc.
EIN
38-3042953
Plan number
001
Plan type
2
Location
Grosse Pointe Farms, MI
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    908 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$43.7M total assets
Net assets$43.7MLiabilities—
Money in vs. money out
Total income / additions$7.8M
Total expenses$2.6M
Benefits paid / distributions$2.6M
Contributions
Employer$267.7K
Participant$2.1M
Full reported line items

Net assets

Total assets (EOY)
$43,704,261
Net assets (EOY)
$43,704,261
Net assets (BOY)
$38,573,564

Income & contributions

Employer contributions
$267,689
Participant contributions
$2,056,145
Total contributions
$2,722,144
Total income / additions
$7,758,993

Expenses & distributions

Benefits paid
$2,597,307
Administrative expenses
$30,989
Total expenses
$2,628,296
Net increase / (decrease)
$5,130,697
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 12%Participant 88%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income33%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Principal Life Insurance Company$31K
    CONTRACT-ADMINISTRATOR · Direct $31K · Indirect $0

What to inspect next

Frequently asked questions

Who sponsors the Saga Communications, Inc. Employees' 401 (K) Savings & Investment Plan?
Saga Communications, Inc. Employees' 401 (K) Savings & Investment Plan is reported as sponsored by Saga Communications Inc. (EIN 38-3042953, plan number 001) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Saga Communications, Inc. Employees' 401 (K) Savings & Investment Plan?
The latest Form 5500 filing year loaded for Saga Communications, Inc. Employees' 401 (K) Savings & Investment Plan is 2023.
How many participants does Saga Communications, Inc. Employees' 401 (K) Savings & Investment Plan report?
Saga Communications, Inc. Employees' 401 (K) Savings & Investment Plan reports 908 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Saga Communications, Inc. Employees' 401 (K) Savings & Investment Plan?
Saga Communications, Inc. Employees' 401 (K) Savings & Investment Plan reports $43,704,261 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages