Plan Ledger DOL Form 5500 · updated monthly

Amplify Education, Inc.401(k)

AMPLIFY EDUCATION, INC. 401(K) PLAN · BROOKLYN, NY · plan year 2024

Employer contribution per participant · 2024
$4,164

Amplify Education, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $169,032,564 across 2,272 participant accounts, with employer contributions averaging $4,164 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 2 years on file its reported administrative ratio has held roughly steady near 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other information & media employers. By assets it is the 541st-largest of 5,648 plans among New York employers on file, and the 222nd of 2,199 in information & media. In 2024, employees put in $2.31 for every $1.00 the employer contributed; active participation has grown from 1,318 to 1,786 since 2022.

Plan summary
Net assets, end of year$169,032,564
Participants with balances2,272
Active participants1,786
Employer contributions$7,436,844
Employee contributions$17,163,400
Employer contribution per active participant$4,164
Average account balance$74,398
Benefits paid to participants$7,833,220
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$169.0M · 2,272 accts · $7.4M emplr
2023$129.3M · 1,888 accts · $6.8M emplr
2022$89.4M · 1,726 accts · $5.1M emplr
Administrative expenses, itemized · 2024
Investment management$83,589
Total administrative-$114,511
The Amplify Education, Inc. 401(k) match · 2024
Employer contribution per active participant$4,164
Median for plans this size$3,635
2024$4,164 per active participant
2023$4,696 per active participant
2022$3,885 per active participant

Amplify Education, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Service providers · 20242
KESTRA INVESTMENT SERVICES LLC · Investment advisory (plan)$83,589
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024Not separately reported
2023$100,718 · 0.09%
2022$84,116 · 0.10%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 134125483 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.