AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN

Plan Contact

  • Address: 2400 MARKET STREET, 4TH FLOOR,PHILADELPHIA,PA
  • Contact person: MICHAEL DASH
  • Phone: (610) 660-5610

Plan General Information

AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN is $758,625,795.00.This plan was established in 1991.

AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN is 7001

AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN is $108,359.00

AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN is $4,537.00.

AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN is approximately $1,142.00
Investing in this additonal $1,142.00 for 20 years would give you extra $73,130.00, assuming a 10% annual return.

AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN allocates $7,999,812.00 to match its employees' contributions, providing an employer match rate of 24.89% of their contributions

AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN is 12.72%.

AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN is 16.45%. This measures the effectiveness of the plan participants' investments in the year.

AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN is 0.08%.

Enrollment Features

AUDACY INC. 401(K) SAVINGS & RETIREMENT PLAN 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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