Georgia › Information › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Cox Enterprises, Inc. Pension Plan
Sponsored by Cox Enterprises, Inc., Atlanta, GA
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.
Cox Enterprises, Inc. of Atlanta, Georgia sponsors Cox Enterprises, Inc. Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 51,142 participants (20,043 active) and $7.13B in net assets.
Net assets came to $139,479 per participant, well above the $88,040 median for defined benefit plans with 25,000 or more participants and well above the $76,035 median for defined benefit plans in information. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $70.8M for the year ($3,534 per active participant) and benefits paid were $349M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $23.4M: $458 per participant, well above the same-size median of $143. Administrative expenses charged to the plan were $64.8M. 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 $2.25B in 2009 to $7.13B in 2024 (up 217%), and participants from 85,032 to 51,142 (down 40%).
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 | $139,479 | $88,040 | $76,035 | $86,221 |
| Employer contributions per active participant | $3,534 | $6,524 | $7,015 | $10,244 |
| Schedule C compensation per participant | $458 | $143 | $354 | $344 |
| Schedule C compensation, share of net assets | 0.33% | 0.26% | 0.46% | 0.42% |
| Administrative expenses per participant | $1,267 | $306 | $671 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 25,000 or more participants (215 plans), information (147) 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 | 51,142 | $7.13B | $139,479 | $70.8M | — | $23.4M |
| 2023 | 55,486 | $7.40B | $133,295 | $75.0M | — | $13.4M |
| 2022 | 56,219 | $7.07B | $125,702 | $49.2M | — | $13.0M |
| 2021 | 55,790 | $8.73B | $156,454 | $114M | — | $14.3M |
| 2020 | 68,426 | $8.17B | $119,441 | $20.3M | — | $12.8M |
| 2019 | 69,939 | $7.17B | $102,570 | $79.5M | — | $14.7M |
| 2018 | 80,076 | $6.50B | $81,118 | $444M | — | $21.6M |
| 2017 | 79,155 | $6.58B | $83,144 | $276M | — | $16.5M |
| 2016 | 72,725 | $5.54B | $76,221 | $1.25B | — | $13.2M |
| 2015 | 71,176 | $4.15B | $58,255 | $251M | — | $16.1M |
| 2014 | 70,516 | $4.06B | $57,576 | $145M | — | $14.8M |
| 2013 | 76,413 | $4.03B | $52,736 | $125M | — | $18.0M |
| 2012 | 74,751 | $3.46B | $46,326 | $184M | — | $15.2M |
| 2011 | 77,942 | $3.05B | $39,115 | $536M | — | $11.0M |
| 2010 | 78,765 | $2.65B | $33,613 | $242M | — | $10.2M |
| 2009 | 85,032 | $2.25B | $26,427 | $177M | — | $6.2M |
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$7,396,009,274
- Employer contributions$70,840,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$70,840,000
- Total income, including investment results$150,820,398
- Benefits paid$348,785,140
- Administrative expenses$64,801,308
- Total expenses$413,586,448
- Net income−$262,766,050
- Net transfers$0
- Net assets, end of year$7,133,243,224
Participants
- Active participants20,043
- Retired or separated, receiving benefits13,585
- Retired or separated, entitled to future benefits15,765
- Total participants, end of year51,142
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Wellington Trust Company, NA | Investment management fees paid directly by plan; Investment management fees paid indirectly by plan | $744,634 | $4,036,260 |
| Arrowstreet Capital, Limited Partne | Investment management fees paid directly by plan | $4,596,184 | $0 |
| T. Rowe Price Associates, Inc. | Investment management | $2,199,527 | $0 |
| Acadian Asset Management, LLC | Investment management | $1,960,493 | $0 |
| Prudential Trust Co. | Investment management | $1,825,940 | $0 |
| Nisa Investment Advisors, LLC | Investment advisory (plan) | $1,271,264 | $0 |
| Wells Capital Management | Investment management | $1,072,899 | $0 |
| Allspring Global Investments Holdin | Investment management | $1,072,899 | $0 |
| Baillie Gifford Overseas Ltd. | Investment management | $999,276 | $0 |
| Dodge & Cox | Investment management | $725,831 | $0 |
| Mercer Investments LLC | Investment advisory (plan) | $706,000 | $0 |
| JPMorgan Chase Bank, National Assoc | Trustee (discretionary); Investment advisory (plan); Investment management | $703,648 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 smaller rows are not shown. 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
- Other administrative expenses$44,646,495
- Investment advisory and management fees$17,338,419
- Trustee and custodial fees$2,372,515
- Contract administrator fees$443,879
- Total administrative expenses$64,801,308
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.
- Master trust investment accounts$7.03B · 98.6%
- Receivables$100M · 1.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmBDO USA, P.C.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $25,000,000
- Blackout period during the yearNo
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 related1BBenefits are primarily flat dollar (includes dollars per year of service)1ECode section 401(h) arrangement3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 517000: Telecommunications (including paging, cellular, satellite, cable & other program distribution, resellers, other telecommunications, & internet service providers).
Other plans of Cox Enterprises, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Cox Enterprises, Inc. 401(k) Plan | 62,062 | $8.13B |
Similar plans in Georgia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Gray Television, Inc. Retirement Plan | Gray Media | 2,146 | $112M | $52,358 |
| Global Payments Inc. Employees Retirement Plan | Global Payments Inc. | 314 | $14.7M | $46,835 |
| Gray Television, Inc. Retirement Plan for Certain Bargaining Class Employees | Gray Media | 306 | $23.9M | $78,199 |
Defined benefit plans in information closest in size.
Questions and answers
How big is Cox Enterprises, Inc. Pension Plan?
51,142 participants at the end of the plan year ending 31 Dec 2024, of whom 20,043 were active employees, with net assets of $7,133,243,224. Among defined benefit plans that places it in the 25,000 or more participants band, which held 215 plans in plan year 2024.
What does Cox Enterprises, Inc. contribute per participant?
The filing reports $70,840,000 in employer contributions for the year, which is $3,534 per active participant; the median for plans of the same type and size was $6,524 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $23,397,570 in compensation to service provider organisations, $458 per participant or 0.33% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $64,801,308. 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 Cox Enterprises, Inc.. Investment advisory or management: T. Rowe Price Associates, Inc., Acadian Asset Management, LLC and Prudential Trust Co.. Trustee or custodian: JPMorgan Chase Bank, National Assoc. The financial statements were audited by BDO USA, P.C.. 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 10 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 58-1035149, plan 001, received 10 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.