Plan Ledger DOL Form 5500 · updated monthly

Zearn401(k)

ZEARN 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Zearn reported $11,424 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,075 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 0.02% to 0.09%. 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 among the smaller plans on file in New York (3,024th of 5,648), and 1,836th of 3,091 in educational services. In 2024, employees put in $2.19 for every $1.00 the employer contributed; active participation has grown from 160 to 185 since 2022.

Plan summary
Net assets, end of year$14,438,468
Participants with balances195
Active participants185
Employer contributions$753,885
Employee contributions$1,649,604
Employer contribution per active participant$4,075
Average account balance$74,043
Benefits paid to participants$284,655
Plan auditUnmodified (clean) audit opinion
AuditorMENGEL METZGER BARR & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$14.4M · 195 accts · $754K emplr
2023$10.5M · 187 accts · $693K emplr
2022$6.5M · 149 accts · $496K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,424
Total administrative$11,424
The Zearn 401(k) match · 2024
Employer contribution per active participant$4,075
Median for plans this size$2,416
2024$4,075 per active participant
2023$3,687 per active participant
2022$3,100 per active participant

Zearn's 2024 employer contribution ran above 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 · 20241
USI CONSULTING GROUP · Recordkeeping · Pension consulting$11,424

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

Recordkeeper by year2
2024USI Consulting
2023USI Consulting

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

Administrative cost history3
2024$11,424 · 0.09%
2023$12,968 · 0.15%
2022$1,275 · 0.02%
Same employer
Similar plansEducational Services · New York
Ascend Learning, Inc. NY$14.7M · 0.10%
El Education Inc NY$14.6M · 0.05%
Canisius High School NY$14.4M · 0.06%
Integrative Nutrition, LLC NY$14.3M · 0.16%
Edukids, Inc. NY$14.1M · 0.72%
The Academy Charter School NY$14.1M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371665745 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.