Plan Ledger DOL Form 5500 · updated monthly

Education Affiliates, Inc.401(k)

EDUCATION AFFILIATES, INC. 401(K) PLAN · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Education Affiliates, Inc. reported $291,988 in plan administrative expenses for 2024: 0.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $994 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 rose from 0.54% to 0.65%. 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 the 346th-largest of 1,671 plans among Maryland employers on file, and the 968th of 3,091 in educational services. In 2024, employees put in $2.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$46,669,189
Participants with balances1,843
Active participants1,552
Employer contributions$1,542,891
Employee contributions$4,257,020
Employer contribution per active participant$994
Average account balance$25,322
Benefits paid to participants$7,700,779
Plan auditUnmodified (clean) audit opinion
AuditorALMICH & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$46.7M · 1,843 accts · $1.5M emplr
2023$43.2M · 183 accts · $1.5M emplr
2022$37.4M · 1,816 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$228,778
Investment management$40,210
Audit (IQPA)$23,000
Total administrative$291,988
The Education Affiliates, Inc. 401(k) match · 2024
Employer contribution per active participant$994
Median for plans this size$2,416
2024$994 per active participant
2023$1,040 per active participant
2022$913 per active participant

Education Affiliates, 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$153,459
ORENDA RETIREMENT LLC · Contract administrator · Other services$75,319
GREENSPRING ADVISORS · Investment advisory (plan)$40,210
AMICH & ASSOCIATES · Accounting / audit$23,000
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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$291,988 · 0.65%
2023$261,953 · 0.65%
2022$222,438 · 0.54%
Same employer
Similar plansEducational Services · Maryland
Landon School Corporation MD$49.5M · 0.24%
Bullis School Inc. MD$44.8M · 0.00%
Key School, Inc. MD$41.1M · 0.03%
Teaching Strategies, LLC MD$40.5M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201720350 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.