Plan Ledger DOL Form 5500 · updated monthly

No Tears Learning, Inc.401(k)

NO TEARS LEARNING, INC. 401(K) PROFIT SHARING PLAN · CABIN JOHN, MD · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

No Tears Learning, Inc. reported $77,611 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $2,313 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 3 years on file its reported administrative ratio has held roughly steady near 0.342%. 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 566th-largest of 1,671 plans among Maryland employers on file, and the 1,439th of 3,091 in educational services. In 2024, employees put in $2.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,315,616
Participants with balances227
Active participants194
Employer contributions$448,730
Employee contributions$1,312,718
Employer contribution per active participant$2,313
Average account balance$107,117
Benefits paid to participants$2,039,856
Plan auditUnmodified (clean) audit opinion
AuditorHOZIK & COMPANY, P.L.C.
Plan history3
Yearassets · accounts · employer contribution
2024$24.3M · 227 accts · $449K emplr
2023$21.1M · 237 accts · $428K emplr
2022$16.2M · 232 accts · $362K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,046
Investment management$22,815
Trustee / custodial$50,750
Total administrative$77,611
The No Tears Learning, Inc. 401(k) match · 2024
Employer contribution per active participant$2,313
Median for plans this size$2,416
2024$2,313 per active participant
2023$2,174 per active participant
2022$1,849 per active participant

No Tears Learning, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$54,796
ALERUS INVESTMENT ADVISORS, INC · Investment advisory (participants) · Investment advisory (plan)$22,815

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$77,611 · 0.34%
2023$71,738 · 0.38%
2022$58,982 · 0.34%
Same employer
Similar plansEducational Services · Maryland
Washington Episcopal School MD$27.8M · 0.19%
German School MD$26.2M · 0.00%
The Jemicy School MD$25.7M · 0.23%
The Ivymount School, Inc. MD$24.8M · 0.33%
Washington Episcopal School MD$22.7M · 0.10%
Innovative Learning, Inc. MD$21.9M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263799871 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.