Saga Communications, Inc. 401(k) Plan: Login, Facts & Contact Information

Saga Communications, Inc. 401(k) Plan Facts

Plan name
SAGA COMMUNICATIONS, INC. EMPLOYEES' 401 (K) SAVINGS & INVESTMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SAGA COMMUNICATIONS INC.
Participants
932 (821 active employees)
Former employees with a balance
119
Plan assets
$46,241,989 at Dec 31, 2024
Average account balance
$72,822 across 635 accounts
Employer contributions
$290,728 in plan year 2024 (7% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Apr 1, 1988
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Jul 31, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.91 million went into the plan in contributions, $290,728 of it from the employer (7%).
  • $3.96 million was paid out to participants.
  • Investment and other income added $2.63 million.
  • Administrative expenses were $38,239, about $60 per account.

How the Saga Communications, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019985$45.1 million$250,065$4.45 million
2020991$47.1 million$221,488$5.86 million
2021897$49.8 million$248,820$4.41 million
2022911$38.6 million$256,385$5.15 million
2023908$43.7 million$267,689$2.60 million
2024932$46.2 million$290,728$3.96 million

Saga Communications, Inc. 401(k) Contact Information

Phone
313-886-7070
Mailing address
73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 482363711
Plan sponsor
SAGA COMMUNICATIONS INC.
Employer identification number (EIN)
38-3042953
Plan number
001

Questions about the Saga Communications, Inc. 401(k)

Does Saga Communications, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $290,728, 7% of all contributions.

Does the Saga Communications, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Saga Communications, Inc 401(k) plan?

932 participants at the start of plan year 2024, 821 of them active employees, and 119 former employees who still had money in the plan.

What is the average 401(k) balance at Saga Communications, Inc?

About $72,822 per account: $46.2 million in plan assets across 635 accounts with a balance at the end of plan year 2024.

Who manages the Saga Communications, Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Saga Communications, Inc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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