Washington › Information › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
The Seattle Times Pension Plan
Sponsored by Seattle Times Company, Seattle, WA
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.
Seattle Times Company of Seattle, Washington sponsors The Seattle Times Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 30 Sep 2025 shows 1,464 participants (99 active) and $129M in net assets.
Net assets came to $87,908 per participant, close to the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and 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 $3.5M for the year ($35,451 per active participant) and benefits paid were $13.6M. 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 8 service provider organisations paid $5,000 or more, with reported compensation of $383K: $261 per participant, below the same-size median of $325. Administrative expenses charged to the plan were $1.7M. 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 $124M in 2009 to $129M in 2024 (up 4%), and participants from 2,196 to 1,464 (down 33%).
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 | $87,908 | $87,935 | $76,035 | $86,221 |
| Employer contributions per active participant | $35,451 | $10,593 | $7,015 | $10,244 |
| Schedule C compensation per participant | $261 | $325 | $354 | $344 |
| Schedule C compensation, share of net assets | 0.30% | 0.41% | 0.46% | 0.42% |
| Administrative expenses per participant | $1,130 | $513 | $671 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 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 | 1,464 | $129M | $87,908 | $3.5M | — | $383K |
| 2023 | 1,471 | $128M | $86,827 | $3.0M | — | $396K |
| 2022 | 1,495 | $117M | $78,379 | $1.6M | — | $383K |
| 2021 | 1,510 | $117M | $77,323 | — | — | $397K |
| 2020 | 1,525 | $162M | $106,424 | $0 | — | $387K |
| 2019 | 1,538 | $148M | $96,260 | $0 | — | $503K |
| 2018 | 1,542 | $153M | $99,047 | $2.0M | — | $503K |
| 2017 | 1,551 | $154M | $99,404 | $2.5M | — | $814K |
| 2016 | 1,749 | $165M | $94,500 | $2.0M | — | $507K |
| 2015 | 1,868 | $161M | $86,082 | $7.3M | — | $435K |
| 2014 | 2,086 | $150M | $72,129 | $4.6M | — | $415K |
| 2013 | 2,109 | $161M | $76,290 | $5.6M | — | $440K |
| 2012 | 2,127 | $146M | $68,862 | $6.0M | — | $544K |
| 2011 | 2,140 | $139M | $64,959 | $9.9M | — | $510K |
| 2010 | 2,159 | $116M | $53,520 | $704K | — | $810K |
| 2009 | 2,196 | $124M | $56,321 | — | — | $811K |
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$127,722,205
- Employer contributions$3,509,666
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$3,509,666
- Total income, including investment results$16,213,534
- Benefits paid$13,584,235
- Administrative expenses$1,653,593
- Total expenses$15,237,828
- Net income$975,706
- Net transfers$0
- Net assets, end of year$128,697,911
Participants
- Active participants99
- Retired or separated, receiving benefits873
- Retired or separated, entitled to future benefits411
- Total participants, end of year1,464
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Willis Towers Watson | Actuarial | $69,674 | $0 |
| Pimco | Investment management | $63,776 | $0 |
| Verus | Investment advisory (plan) | $57,590 | $0 |
| Seattle Times Company | Plan Administrator | $46,856 | $0 |
| UBS Financial Services | Investment advisory (plan) | $46,775 | $0 |
| Principal Financial | Trustee (bank, trust company, or similar financial institution) | $34,680 | $0 |
| Prudential Trust | Investment advisory (plan) | $33,241 | $0 |
| US Bank | Trustee (bank, trust company, or similar financial institution) | $30,141 | $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
- Other administrative expenses$1,157,677
- Investment advisory and management fees$285,040
- Trustee and custodial fees$69,346
- Actuarial fees$68,728
- Salaries and allowances$44,142
- IQPA audit fees$27,720
- Legal fees$940
- Total administrative expenses$1,653,593
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$128M · 99.4%
- Receivables$696K · 0.5%
- Cash (interest and non-interest bearing)$19K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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 related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 511110: Newspaper Publishers.
Other plans of Seattle Times Company
| Plan | Participants | Net assets |
|---|---|---|
| Amended and Restated Blethen Maine Newspapers, Inc. Pension Plan | 1,328 | $53.3M |
| 401(k) Savings Plan for Employees of Seattle Times Company and Subsidiaries | 988 | $157M |
Similar plans in Washington
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Amended and Restated Blethen Maine Newspapers, Inc. Pension Plan | Seattle Times Company | 1,328 | $53.3M | $40,124 |
| Cowles Company Retirement Plan | Cowles Company | 365 | $86.9M | $238,114 |
Defined benefit plans in information closest in size.
Questions and answers
How big is The Seattle Times Pension Plan?
1,464 participants at the end of the plan year ending 30 Sep 2025, of whom 99 were active employees, with net assets of $128,697,911. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Seattle Times Company contribute per participant?
The filing reports $3,509,666 in employer contributions for the year, which is $35,451 per active participant; the median for plans of the same type and size was $10,593 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 $382,733 in compensation to service provider organisations, $261 per participant or 0.30% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,653,593. 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 Seattle Times Company. Recordkeeping or administration: Seattle Times Company. Investment advisory or management: Pimco, Verus and UBS Financial Services. Trustee or custodian: Principal Financial and US Bank. 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 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 14 Jul 2026. 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 91-0403890, plan 002, received 14 Jul 2026; 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.