Plan Ledger DOL Form 5500 · updated monthly

Legacy Education Inc401(k)

LEGACY EDUCATION INC 401K PLAN · LANCASTER, CA · plan year 2024

Reported admin expense ratio · 2024
0.82%

Legacy Education Inc reported $7,303 in plan administrative expenses for 2024: 0.82% of average plan assets, below the peer median. 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 3 years on file its reported administrative ratio has held roughly steady near 0.82%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in California (8,768th of 9,483), and 2,965th of 3,091 in educational services. active participation has grown from 226 to 478 since 2022.

Plan summary
Net assets, end of year$1,119,579
Participants with balances345
Active participants478
Employer contributions—
Employee contributions$450,172
Employer contribution per active participant—
Average account balance$3,245
Benefits paid to participants$88,752
Plan auditUnmodified (clean) audit opinion
AuditorWEWORSKI & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$1.1M · 345 accts
2023$672K · 275 accts
2022$297K · 198 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,303
Total administrative$7,303
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
ADP, INC. · Loan processing · Recordkeeping$7,303

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$7,303 · 0.82%
2023$3,537 · 0.73%
2022$1,649 · 0.83%
Same employer
Similar plansEducational Services · California
Harmonium, Inc. CA$1.3M · 0.56%
Kolbe Academy Inc CA$1.2M · 0.91%
Creative Child Care, Inc. CA$888K · 0.11%
Grimmway Schools, Inc. CA$831K · 0.76%
Children's Paradise, Inc. CA$810K · 1.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 845167957 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.