Plan Ledger DOL Form 5500 · updated monthly

Discovery Education, Inc.401(k)

DISCOVERY EDUCATION 401(K) PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Discovery Education, Inc. reported $71,325 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $4,067 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 0.25% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 282nd-largest of 2,005 plans among North Carolina employers on file, and the 695th of 3,091 in educational services. In 2024, employees put in $3.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$72,598,070
Participants with balances1,228
Active participants610
Employer contributions$2,480,692
Employee contributions$7,454,547
Employer contribution per active participant$4,067
Average account balance$59,119
Benefits paid to participants$10,415,912
Plan auditUnmodified (clean) audit opinion
AuditorMELISSA G. CRITCHER
Plan history2
Yearassets · accounts · employer contribution
2024$72.6M · 1,228 accts · $2.5M emplr
2022$30.6M · 800 accts · $2.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,529
Investment management$796
Total administrative$71,325
The Discovery Education, Inc. 401(k) match · 2024
Employer contribution per active participant$4,067
Median for plans this size$3,635
2024$4,067 per active participant
2022$5,753 per active participant

Discovery 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.

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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$62,605

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

Administrative cost history2
2024$71,325 · 0.13%
2022$71,579 · 0.25%
Same employer
Similar plansEducational Services · North Carolina
Meredith College NC$94.1M · 0.06%
Guilford College NC$82.8M · 0.07%
Providence Day School, Inc. NC$76.3M · 0.14%
Durham Academy, Inc. NC$70.7M · 0.05%
Methodist University NC$63.4M · 0.19%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 362298050 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.