Plan Ledger DOL Form 5500 · updated monthly

Greenwich Education Group, LLC401(k)

GREENWICH EDUCATION GROUP 401(K) PLAN · STAMFORD, CT · plan year 2023

Reported admin expense ratio · 2023
0.84%

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

Greenwich Education Group, LLC reported $23,001 in plan administrative expenses for 2023: 0.84% of average plan assets, higher than ~75% of peers. Employer contributions averaged $523 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 has held roughly steady near 0.84%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Connecticut (980th of 1,106), and 2,712th of 3,091 in educational services. In 2023, employees put in $5.24 for every $1.00 the employer contributed; active participation has grown from 131 to 165 since 2022.

Plan summary
Net assets, end of year$3,108,617
Participants with balances246
Active participants165
Employer contributions$86,342
Employee contributions$452,828
Employer contribution per active participant$523
Average account balance$12,637
Benefits paid to participants$142,427
Plan auditUnmodified (clean) audit opinion
AuditorWALSH & DICKINSON
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $23K emplr
2023$3.1M · 246 accts · $86K emplr
2022$2.4M · 237 accts · $66K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$23,001
Total administrative$23,001
The Greenwich Education Group, LLC 401(k) match · 2023
Employer contribution per active participant$523
Median for plans this size$1,308
2023$523 per active participant
2022$504 per active participant

Greenwich Education Group, LLC's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ASCENSUS LLC · Loan processing · Recordkeeping$23,001

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

Administrative cost history3
2024Not separately reported
2023$23,001 · 0.84%
2022$21,057 · 0.88%
Similar plansEducational Services · Connecticut
Benhaven, Inc. CT$8.3M · 0.02%
Domus Kids, Inc. CT$6.9M · 0.54%
The Franklin Academy Inc. CT$3.1M · 0.16%
Lulac Head Start, Inc. CT$2.8M · 1.04%
The Next Street, LLC CT$684K · 0.83%
The Nest Schools, Inc. CT$282K · 1.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562498274 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.