Plan Ledger DOL Form 5500 · updated monthly

Cengage Learning, Inc.401(k)

THE CENGAGE LEARNING, INC. 401(K) SAVINGS PLAN · MASON, OH · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Cengage Learning, Inc. reported $433,008 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $3,590 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 2 years on file its reported administrative ratio fell from 0.09% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other information & media employers. By assets it is the 87th-largest of 3,295 plans among Ohio employers on file, and the 77th of 2,199 in information & media. In 2024, employees put in $2.79 for every $1.00 the employer contributed; active participation has shrunk from 3,600 to 3,059 since 2022.

Plan summary
Net assets, end of year$660,100,531
Participants with balances4,985
Active participants3,059
Employer contributions$10,980,958
Employee contributions$30,660,360
Employer contribution per active participant$3,590
Average account balance$132,417
Benefits paid to participants$60,279,265
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$660.1M · 4,985 accts · $11.0M emplr
2023$595.6M · 5,266 accts · $11.7M emplr
2022$505.4M · 5,422 accts · $10.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$163,348
Investment management$239,735
Audit (IQPA)$29,925
Total administrative$433,008
The Cengage Learning, Inc. 401(k) match · 2024
Employer contribution per active participant$3,590
Median for plans this size$4,294
2024$3,590 per active participant
2023$3,420 per active participant
2022$2,905 per active participant

Cengage Learning, Inc.'s 2024 employer contribution ran below the $4,294 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.

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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$163,348
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$125,210
CAPFINANCIAL PARTNERS, LLC. · Investment advisory (participants) · Investment advisory (plan)$114,525
COHNREZNICK LLP · Accounting / audit$29,925

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

Administrative cost history3
2024$433,008 · 0.07%
2023$397,922 · 0.07%
2022$515,616 · 0.09%
Same employer
Similar plansInformation & Media · Ohio
Hyland Software, Inc. OH$512.0M · 0.10%
Block Communications, Inc. OH$210.6M · 0.11%
Oclc, Inc. OH$174.0M · 0.06%
Oeconnection LLC OH$76.8M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592124491 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.