Plan Ledger DOL Form 5500 · updated monthly

Pearson Education Inc401(k)

THE PEARSON RETIREMENT PLAN · HOBOKEN, NJ · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Pearson Education Inc reported $1,601,727 in plan administrative expenses for 2024: 0.07% of average plan assets, above the peer median. Employer contributions averaged $3,298 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 fell from 0.08% to 0.07%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other management of companies employers. By assets it is the 26th-largest of 2,419 plans among New Jersey employers on file, and the 22nd of 786 in management of companies. In 2024, employees put in $1.96 for every $1.00 the employer contributed; active participation has shrunk from 11,542 to 9,848 since 2022.

Plan summary
Net assets, end of year$2,374,806,239
Participants with balances15,554
Active participants9,848
Employer contributions$32,474,977
Employee contributions$63,529,180
Employer contribution per active participant$3,298
Average account balance$152,681
Benefits paid to participants$302,291,503
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.4B · 15,554 accts · $32.5M emplr
2023$2.3B · 16,272 accts · $33.4M emplr
2022$2.1B · 17,402 accts · $36.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$392,002
Investment management$1,176,347
Total administrative$1,601,727
The Pearson Education Inc 401(k) match · 2024
Employer contribution per active participant$3,298
Median for plans this size$5,259
2024$3,298 per active participant
2023$3,231 per active participant
2022$3,178 per active participant

Pearson Education Inc's 2024 employer contribution ran below the $5,259 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 · 20245
EMPOWER ANNUITY INSURANCE COMPANY · Loan processing · Recordkeeping$394,814
EMPOWER ADVISORY GROUP, LLC · Investment management · Investment advisory (participants)$1,088,482
SEGAL ADVISORS INC · Investment advisory (plan)$73,728
ELLENOFF GROSSMAN & SCHOLE LLP · Accounting / audit$30,078
WILLIS TOWERS WATSON US LLC · Accounting / audit · Consulting$12,697

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$1,601,727 · 0.07%
2023$2,003,921 · 0.09%
2022$1,983,010 · 0.08%
Same employer
Similar plansManagement of Companies · New Jersey
Assurant, Inc. GA$2.4B · 0.04%
W.R. Berkley Corporation CT$2.3B · 0.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 221603684 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.