Horizon Media Holdings, LLC 401(k) Review & Grade
Horizon Media, LLC 401(k) Retirement Savings Plan
New York, NYProfessional, Scientific & Technical Services2,303 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,939Employer $ per active participant
$9,483Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$232.2MNet plan assets, end of year
$66,466Average balance per account
Score breakdown
- Employer generosity16.7 / 5033th percentile for employer $ per participant
- Low cost17.4 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 70th |
| Employee saving | 54th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $16,489 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Horizon Media Holdings put in about $1,939 per active participant, below the typical peer ($3,082). 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.
- 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 | $4,465,212 |
| Participant (employee) contributions | $21,839,180 |
| Other contributions (incl. rollovers in) | $1,922,639 |
| Administrative expenses paid from the plan | $256,982 |
| Contract administrator fees | $1,200 |
| Other admin expenses | $62,500 |
| Benefits paid out | $24,620,090 |
| Net assets, start / end of year | $199.7M / $232.2M |
| Active participants, start / end of year | 2,352 / 2,254 |
| Participants with account balances | 3,494 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lilling & Company LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $177,057 reported compensation |
| Perigon Wealth Management, LLC | $62,500 reported compensation |
| Lilling and Company LLP | $17,425 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014195922NAL0001806131001, received 2025-10-14, EIN 13-3494927, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.