Plan Ledger DOL Form 5500 · updated monthly

Lrn Corporation401(k)

LRN CORPORATION RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Lrn Corporation reported $51,883 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $5,822 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 0.10% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 2,263rd-largest of 5,648 plans among New York employers on file, and the 4,941st of 11,654 in professional & technical services. In 2024, employees put in $2.08 for every $1.00 the employer contributed; active participation has shrunk from 132 to 86 since 2022.

Plan summary
Net assets, end of year$23,754,834
Participants with balances175
Active participants86
Employer contributions$500,727
Employee contributions$1,043,965
Employer contribution per active participant$5,822
Average account balance$135,742
Benefits paid to participants$2,611,259
Plan auditUnmodified (clean) audit opinion
AuditorHCVT CPAS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$23.8M · 175 accts · $501K emplr
2023$22.0M · 193 accts · $549K emplr
2022$20.3M · 188 accts · $587K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,883
Total administrative$51,883
The Lrn Corporation 401(k) match · 2024
Employer contribution per active participant$5,822
Median for plans this size$2,416
2024$5,822 per active participant
2023$5,606 per active participant
2022$4,450 per active participant

Lrn Corporation's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$51,882
OPPENHEIMER LIFE AGENCY LTD · Other servicesindirect 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$51,883 · 0.23%
2023$52,647 · 0.25%
2022$21,844 · 0.10%
Same employer
Similar plansProfessional & Technical Services · New York
Janover, LLC NY$23.8M · 0.31%
Align Communications, Inc. NY$23.8M · 0.33%
Valley Stream Payroll Corp. NY$23.8M · 0.48%
Dattner Architects NY$23.8M · 0.01%
Octane Lending, Inc. NY$23.5M · 0.12%
United Masters Inc. NY$23.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954461694 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.