E.w. Scripps Retirement & Investment Plan Committee 401(k) Review & Grade
Scripps Retirement and Investment Plan
Cincinnati, OHInformation5,090 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,169Employer $ per active participant
$8,265Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$873.6MNet plan assets, end of year
$100,257Average balance per account
Score breakdown
- Employer generosity22.0 / 5044th percentile for employer $ per participant
- Low cost12.6 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 50th |
| Employee saving | 47th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Corrective distributions: the plan refunded $21,360 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- E.w. Scripps Retirement & Investment Plan Committee put in about $3,169 per active participant, below the typical peer ($3,691). 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 | $16,132,363 |
| Participant (employee) contributions | $42,070,084 |
| Other contributions (incl. rollovers in) | $4,041,238 |
| Administrative expenses paid from the plan | $1,018,460 |
| Investment advisory & management fees | $1,018,460 |
| Benefits paid out | $93,443,144 |
| Net assets, start / end of year | $804.3M / $873.6M |
| Active participants, start / end of year | 5,348 / 4,832 |
| Participants with account balances | 8,714 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz, Sapper & Miller, LLP |
Largest service providers (Schedule C)
| Vanguard Group, Inc. | $1,018,460 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250818122946NAL0001189905001, received 2025-08-18, EIN 31-1036718, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.