Plan Ledger DOL Form 5500 · updated monthly

Pansophic Learning US LLC401(k)

PANSOPHIC LEARNING 401(K) PLAN · MCLEAN, VA · plan year 2023

Reported admin expense ratio · 2023
0.13%

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

Pansophic Learning US LLC reported $23,675 in plan administrative expenses for 2023: 0.13% of average plan assets, below the peer median. Employer contributions averaged $2,279 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 5 years on file its reported administrative ratio rose from 0.10% to 0.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other educational services employers. By assets it is the 912th-largest of 2,266 plans among Virginia employers on file, and the 1,498th of 3,091 in educational services. In 2023, employees put in $1.59 for every $1.00 the employer contributed; active participation has grown from 316 to 1,013 since 2018.

Plan summary
Net assets, end of year$22,747,048
Participants with balances1,185
Active participants1,013
Employer contributions$2,308,529
Employee contributions$3,680,829
Employer contribution per active participant$2,279
Average account balance$19,196
Benefits paid to participants$937,463
Plan auditUnmodified (clean) audit opinion
AuditorJANZ & KNIGHT, PLC
Plan history5
Yearassets · accounts · employer contribution
2023$22.7M · 1,185 accts · $2.3M emplr
2022$14.4M · 600 accts · $1.8M emplr
2021$12.9M · 648 accts · $1.1M emplr
2019$5.9M · 389 accts · $608K emplr
2018$3.8M · 308 accts · $479K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$23,675
Total administrative$23,675
The Pansophic Learning US LLC 401(k) match · 2023
Employer contribution per active participant$2,279
Median for plans this size$2,440
2023$2,279 per active participant
2022$1,223 per active participant
2021$1,155 per active participant
2019$1,167 per active participant
2018$1,517 per active participant

Pansophic Learning US LLC's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
VOYA RETIREMENT INS. AND ANNUITY CO · Investment advisory (participants)$705
MICHIGAN BENEFIT CONSULTING, INC. · 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 history5
2023$23,675 · 0.13%
2022$30,415 · 0.22%
2021$12,926 · 0.12%
2019$11,434 · 0.24%
2018$3,824 · 0.10%
Same employer
Similar plansEducational Services · Virginia
The Madeira School VA$26.0M · 0.29%
Virginia Union University VA$24.7M · 0.02%
Foxcroft School VA$23.0M · 0.18%
Christendom College VA$20.6M · 0.11%
Grafton School Incorporated VA$20.3M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465237149 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.