Plan Ledger DOL Form 5500 · updated monthly

Edmentum401(k)

EDMENTUM SAVINGS AND RETIREMENT PLAN · BLOOMINGTON, MN · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Edmentum reported $20,905 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,262 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 0.07% to 0.02%. 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 252nd-largest of 1,918 plans among Minnesota employers on file, and the 470th of 3,091 in educational services. In 2024, employees put in $3.44 for every $1.00 the employer contributed; active participation has shrunk from 1,262 to 1,128 since 2022.

Plan summary
Net assets, end of year$115,392,125
Participants with balances1,599
Active participants1,128
Employer contributions$2,552,079
Employee contributions$8,777,269
Employer contribution per active participant$2,262
Average account balance$72,165
Benefits paid to participants$13,489,330
Plan auditUnmodified (clean) audit opinion
AuditorELLINGSON&ELLINGSON, LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$115.4M · 1,599 accts · $2.6M emplr
2023$102.6M · 1,666 accts · $2.7M emplr
2022$85.3M · 1,804 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Investment management$19,593
Audit (IQPA)$8,000
Total administrative$20,905
The Edmentum 401(k) match · 2024
Employer contribution per active participant$2,262
Median for plans this size$3,635
2024$2,262 per active participant
2023$2,232 per active participant
2022$1,984 per active participant

Edmentum's 2024 employer contribution ran below 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 · 20244
MPCG · Investment advisory (plan)$20,833
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$19,593
ELLINGSON & ELLINGSON, LTD. · Accounting / audit$8,000
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
2024$20,905 · 0.02%
2023$81,863 · 0.09%
2022$60,105 · 0.07%
Same employer
Similar plansEducational Services · Minnesota
Augsburg University MN$149.4M · 0.01%
The Blake School MN$127.5M · 0.11%
Breck School MN$113.9M · 0.03%
Infinite Campus, Inc. MN$75.7M · 0.40%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411646390 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.