Defined Contribution Plan For Employees Of Broadcast Music, Inc. And Certain Subsidiaries — Form 5500 plan (Broadcast Music, 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, Defined Contribution Plan For Employees Of Broadcast Music, Inc. And Certain Subsidiaries is a benefit plan reported by Broadcast Music, Inc. under EIN 13-0524209 and plan number 003. The latest loaded filing year is 2023. The filing reports 1,019 participants and $132,231,667 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$132MPlan net assets, end of year$131,961,867
Participants1KCovered participants reported1,019
Assets / participant$129.8KComputed: assets ÷ participants$129,766 (computed)
Provider compensation$8.3K1 Schedule C provider row(s)$8,250
Plan sponsor
Broadcast Music, Inc.
EIN
13-0524209
Plan number
003
Plan type
2
Location
Nashville, TN
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,019H, C20241014085738NAL0014670563001
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)$132.2M total assets
Net assets$132MLiabilities$269.8K
Money in vs. money out
Total income / additions$27.1M
Total expenses$13.6M
Benefits paid / distributions$13.5M
Contributions
Employer$2.7M
Participant$5.2M
Full reported line items

Net assets

Total assets (EOY)
$132,231,667
Total liabilities (EOY)
$269,800
Net assets (EOY)
$131,961,867
Net assets (BOY)
$118,446,971

Income & contributions

Employer contributions
$2,735,376
Participant contributions
$5,218,369
Total contributions
$8,078,671
Total income / additions
$27,088,778

Expenses & distributions

Benefits paid
$13,536,868
Administrative expenses
$14,676
Total expenses
$13,573,882
Net increase / (decrease)
$13,514,896
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 34%Participant 66%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income50%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Merrill Lynch, Pierce, Fenner,SmithNONE$8,250$02023

Related Form 5500 pages