Plan Ledger DOL Form 5500 · updated monthly

Ascend Learning, Inc.403(b)

ASCEND LEARNING, INC. 403(B) PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.10%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Ascend Learning, Inc. reported $14,780 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $751 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 11 years on file its reported administrative ratio has held roughly steady near 0.102%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New York (2,994th of 5,648), and 1,828th of 3,091 in educational services. In 2024, employees put in $2.78 for every $1.00 the employer contributed; active participation has grown from 391 to 741 since 2014.

Plan summary
Net assets, end of year$14,715,630
Participants with balances415
Active participants741
Employer contributions$556,533
Employee contributions$1,548,266
Employer contribution per active participant$751
Average account balance$35,459
Benefits paid to participants$4,009,467
Plan auditUnmodified (clean) audit opinion
Plan history10
Yearassets · accounts · employer contribution
2024$14.7M · 415 accts · $557K emplr
2023$14.2M · 418 accts · $590K emplr
2022$13.2M · 461 accts · $730K emplr
2020$12.2M · 450 accts · $814K emplr
2019$9.1M · 407 accts · $730K emplr
2018$5.7M · 316 accts · $520K emplr
2017$4.7M · 232 accts · $350K emplr
2016$3.1M · 196 accts · $250K emplr
2015$2.3M · 150 accts · $222K emplr
2014$1.5M · 113 accts · $143K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,780
Total administrative$14,780
Employer contributions to the Ascend Learning, Inc. plan · 2024
Employer contribution per active participant$751
Median for plans this size$2,416
2024$751 per active participant
2023$802 per active participant
2022$879 per active participant
2020$1,120 per active participant
2019$871 per active participant

Ascend Learning, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$14,780
JANNEY MONTGOMERY SCOTT LLC · Other servicesindirect comp

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

Administrative cost history10
2024$14,780 · 0.10%
2023$16,264 · 0.12%
2022$13,551 · 0.09%
2020$5,116 · 0.05%
2019$4,771 · 0.06%
2018$2,542 · 0.05%
2017$2,024 · 0.05%
2016$1,280 · 0.05%
2015$1,486 · 0.08%
2014$1,166 · 0.10%
Same employer
Similar plansEducational Services · New York
Prep for Prep NY$15.3M · 0.06%
Classical Charter Schools NY$15.0M · 0.43%
New Leaders, Inc. NY$14.9M · 0.29%
El Education Inc NY$14.6M · 0.05%
Zearn NY$14.4M · 0.09%
Canisius High School NY$14.4M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 331200239 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.