DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
BROADCAST MUSIC, INC.
This 401(k) plan holds $150M in total assets and serves 705 participants as of 2024. It is sponsored by BROADCAST MUSIC, INC. in Tennessee. The plan reported positive net income of $18M for the year.
What the Filing Says About DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES
DEFINED CONTRIBUTION PLAN FOR EMPLOYEES OF BROADCAST MUSIC, INC. AND CERTAIN SUBSIDIARIES is a 401(k) retirement plan sponsored by BROADCAST MUSIC, INC., headquartered in Tennessee. As of the 2024 Form 5500 filing, the plan reports $150M in total end-of-year assets and covers 705 participants across the Arts, Entertainment & Recreation industry. The sponsor's EIN on file with the U.S. Department of Labor is 130524209, and the plan has been effective since 1979-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $132M at the beginning of 2024 to $150M at year-end — a gain of 13.2%. Net assets (after liabilities) closed the year at $150M, with reported net income of $18M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $132M |
| Total Assets (End of Year) | $150M |
| Net Assets (End of Year) | $150M |
| Net Income | $18M |
| Plan Type | 401(k) |
| Employer EIN | 130524209 |
| Plan Effective Date | 1979-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (BROADCAST MUSIC, INC.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 983 | $310M |
| 2023 | 2 | 921 | $333M |
| 2024 | 2 | 911 | $352M |
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Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.
Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 130524209.
Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology — how this data is sourced, computed, and verified.