Tennessee › Arts, entertainment and recreation › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Pension Plan for Employees of Broadcast Music Inc.
Sponsored by Broadcast Music, Inc., Nashville, TN
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Broadcast Music, Inc. of Nashville, Tennessee sponsors Pension Plan for Employees of Broadcast Music Inc., a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 877 participants (194 active) and $203M in net assets.
Net assets came to $230,975 per participant, well above the $86,583 median for defined benefit plans with 500 to 999 participants and well above the $98,070 median for defined benefit plans in arts, entertainment and recreation. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $596K: $679 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $687K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $67.2M in 2009 to $203M in 2024 (up 202%), and participants from 1,086 to 877 (down 19%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $230,975 | $86,583 | $98,070 | $86,221 |
| Employer contributions per active participant | — | $10,758 | $8,284 | $10,244 |
| Schedule C compensation per participant | $679 | $377 | $440 | $344 |
| Schedule C compensation, share of net assets | 0.29% | 0.48% | 0.49% | 0.42% |
| Administrative expenses per participant | $783 | $591 | $715 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), arts, entertainment and recreation (119) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 877 | $203M | $230,975 | — | — | $596K |
| 2023 | 899 | $201M | $223,641 | $0 | — | $291K |
| 2022 | 980 | $192M | $195,454 | $0 | — | $226K |
| 2021 | 993 | $249M | $250,283 | $3.8M | $0 | $255K |
| 2020 | 1,002 | $231M | $230,044 | $5.0M | — | $367K |
| 2019 | 1,015 | $192M | $189,405 | $5.0M | — | $233K |
| 2018 | 1,018 | $156M | $153,463 | $5.0M | — | $179K |
| 2017 | 1,031 | $163M | $157,948 | $5.0M | — | $197K |
| 2016 | 1,037 | $138M | $132,631 | $8.2M | — | $236K |
| 2015 | 1,044 | $128M | $122,626 | $8.5M | — | $349K |
| 2014 | 1,048 | $125M | $119,599 | $5.0M | — | $346K |
| 2013 | 1,057 | $119M | $113,054 | $17.0M | — | $288K |
| 2012 | 1,065 | $88.3M | $82,869 | $5.0M | — | $124K |
| 2011 | 1,069 | $78.4M | $73,341 | $5.0M | — | $138K |
| 2010 | 1,083 | $78.3M | $72,338 | $5.0M | — | $93K |
| 2009 | 1,086 | $67.2M | $61,852 | — | — | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$201,053,313
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$10,604,945
- Benefits paid$8,406,705
- Administrative expenses$686,718
- Total expenses$9,093,423
- Net income$1,511,522
- Net transfers$0
- Net assets, end of year$202,564,835
Participants
- Active participants194
- Retired or separated, receiving benefits300
- Retired or separated, entitled to future benefits347
- Total participants, end of year877
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Legal & Gen Inv MGMT America Inc. | Investment management | $359,589 | $0 |
| Principal Trust Company | Recordkeeping and information management; Custodial (securities); Trustee (bank, trust company, or similar financial institution); Participant communication | $160,817 | $0 |
| Crow Holdings Realty Partners | Investment management | $42,356 | $0 |
| USI Consulting | Actuarial | $26,500 | $0 |
| State Street Global Advisors | Investment management | $6,558 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$408,502
- Trustee and custodial fees$160,917
- Other administrative expenses$90,799
- Actuarial fees$26,500
- Total administrative expenses$686,718
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$85.4M · 42.1%
- Partnership/joint venture interests$46.1M · 22.7%
- U.S. Government securities$36.3M · 17.9%
- Registered investment companies (mutual funds)$33.4M · 16.5%
- Cash (interest and non-interest bearing)$1.1M · 0.5%
- Receivables$299K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmLBMC, PC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 711100: Performing Arts Companies.
Other plans of Broadcast Music, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Defined Contribution Plan for Employees of Broadcast Music, Inc. and Certain Subsidiaries | 1,050 | $150M |
Similar plans in Tennessee
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| IATSE , MPT, a & Ac of the U.S. and Canada Local No. 46 Pension Plan | Joint Board of Administration IATSE , MPT, a & Ac, Local No. 46 | 518 | $13.5M | $26,151 |
Defined benefit plans in arts, entertainment and recreation closest in size.
Questions and answers
How big is Pension Plan for Employees of Broadcast Music Inc.?
877 participants at the end of the plan year ending 31 Dec 2024, of whom 194 were active employees, with net assets of $202,564,835. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Broadcast Music, Inc. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $595,820 in compensation to service provider organisations, $679 per participant or 0.29% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $686,718. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Broadcast Music, Inc.. Recordkeeping or administration: Principal Trust Company. Investment advisory or management: Legal & Gen Inv MGMT America Inc., Crow Holdings Realty Partners and State Street Global Advisors. Trustee or custodian: Principal Trust Company. The financial statements were audited by LBMC, PC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 13-0524209, plan 001, received 15 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.