DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES
Plan Contact
- Address: 10 MUSIC SQUARE EAST,NASHVILLE,TN
- Phone: (615) 401-2188
Plan General Information
DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES is $132,231,667.00.This plan was established in 1979.
DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES is 1019
DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES is $129,766.00
DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES is $5,098.00.
DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES is approximately $2,684.00
Investing in this additonal $2,684.00 for 20 years would give you extra $171,799.00, assuming a 10% annual return.
Investing in this additonal $2,684.00 for 20 years would give you extra $171,799.00, assuming a 10% annual return.
DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES Total Employer Contribution and Match Rate
In 2023, DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES allocates $2,735,376.00 to match its employees' contributions, providing an employer match rate of 52.42% of their contributions
DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES is 11.64%.
DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES is 16.66%. This measures the effectiveness of the plan participants' investments in the year.
DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES Expense Ratio
In 2023, the investment and administrative expense ratio of DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES is 0.01%.
Enrollment Features
DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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