Retirement plan

SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN

Name: SCHOLASTIC CORPORATION - SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN (2018) Form 5500
Creator: SCHOLASTIC CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN, SCHOLASTIC CORPORATION

SCHOLASTIC CORPORATIONEIN 13-3385513Plan #003PY 2018

557 BROADWAY - NEW YORK, NY 100123999212-343-6240scholastic.comLinkedIn5001-10000 employeespublishing

Other plans on this EIN

1 filing

#004Retirement-$441.9M assets

Prospect flagsRecently cancelled planWind-down / frozen

How to read this page

Total assets (EOY)

+0.9% from 2016

Total participants

+5.4% from 2016

Average account balance

No prior year

Annual return

-5.92%

-8.84 pp from 2016

Benchmarks

See 601 peers

Peer group

Industry51 - Information

Plan typeDefined benefit

Participants<25

Cohort601 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-5.92%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC4+ years Filed as: TOWERS WATSON Service code 11 · EIN 23-1159360	Actuarial	$258,630
WELLS FARGO BANK, N.A.4+ years Service code 21 · EIN 94-1347393	Bank Trustee	$69,100
FINDLEY1 year Service code 11 · EIN 34-1213174	Actuarial	$53,367
PRICEWATERHOUSECOOPERS LLP1 year Filed as: PRICEWATERHOUSECOOPERS Service code 27 · EIN 13-4008324	Advisory (Plan)	$14,000
THE BANK OF NEW YORK MELLON4+ years Filed as: BANK OF NEW YORK MELLON Service code 21 · EIN 13-5160382	Bank Trustee	$11,916

Plan features & details

Pension benefit codes1A1C3H1I1H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1H
PBGC terminated and closed out plan
Plan covered by PBGC that was terminated and closed out for PBGC purposes (standard or distress termination with distribution of plan assets or trustee appointed under ERISA section 4042).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
InformationalRecently cancelled plan
Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II

Admin total

$476K

Investment mgmt$12K2.5%
Contract admin$122K25.7%
Other / not subdivided$341K71.8%

% of EOY assets

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$261,924-100.0%

$233,076-100.0%

Participation rate

0.0%

56.0%-56.0pp

36.8%-36.8pp

46.4%-46.4pp

Annual return

-5.92%

-4.13%-1.8pp

-2.99%-2.9pp

-82.67%+76.7pp

Employer contribution / active EE

$49,596-100.0%

$41,623-100.0%

$43,771-100.0%

Participant deferral / active EE

$2-100.0%

$35-100.0%

$103-100.0%

Admin fee / account holder

$38,841-100.0%

$11,204-100.0%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC4+ years

Filed as: TOWERS WATSON

Service code 11 · EIN 23-1159360

Actuarial

$258,630

WELLS FARGO BANK, N.A.4+ years

Service code 21 · EIN 94-1347393

Bank Trustee

$69,100

FINDLEY1 year

Service code 11 · EIN 34-1213174

Actuarial

$53,367

PRICEWATERHOUSECOOPERS LLP1 year

Filed as: PRICEWATERHOUSECOOPERS

Service code 27 · EIN 13-4008324

Advisory (Plan)

$14,000

THE BANK OF NEW YORK MELLON4+ years

Filed as: BANK OF NEW YORK MELLON

Service code 21 · EIN 13-5160382

Bank Trustee

$11,916

SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion