Retirement plan

SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN

Name: SCHOLASTIC CORPORATION - SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN (2017) 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 2017

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

Other plans on this EIN

1 filing

#004Retirement-$462.9M assets

Prospect flagsHigh retiree %Low returnsLow employer contribution

How to read this page

Total assets (EOY)

$92.6M

+0.9% from 2016

Total participants

1,859

+5.4% from 2016

Average account balance

No prior year

Annual return

5.04%

-8.84 pp from 2016

Benchmarks

See 56 peers

Peer group

Industry51 - Information

Plan typeDefined benefit

Participants100-249

Cohort56 peers

Snapshot2017

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 6 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC3+ years Filed as: TOWERS WATSON Service code 11 · EIN 23-1159360	Actuarial	$817,701
WELLS FARGO BANK, N.A.3+ years Service code 21 · EIN 94-1347393	Bank Trustee	$316,165
THE BANK OF NEW YORK MELLON3+ years Filed as: BANK OF NEW YORK MELLON Service code 21 · EIN 13-5160382	Bank Trustee	$153,630
BPS&M1 year Filed as: BPS&M, LLC Service code 11 · EIN 62-0853448	Actuarial	$57,121
GAMCO ASSET MANAGEMENT3+ years Filed as: GABELLI ASSET MANAGEMENT COMPANY Service code 28 · EIN 13-4044521	Investment Management	$47,082
PORTFOLIO EVALUATIONS, INC.3+ years Filed as: PORTFOLIO EVALUATIONS INC. Service code 27 · EIN 22-3189064	Advisory (Plan)	$40,000

Plan features & details

Pension benefit codes1A1C3H1I

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).
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$1.7M

$16398 / participant

Investment mgmt$241K13.8%
Contract admin$373K21.5%
Other / not subdivided$1M64.7%

% of EOY assets

1.876%

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

$44,091-100.0%

$256,121-100.0%

$44,091-100.0%

Participation rate

0.0%

0.0%0pp

37.7%-37.7pp

4.5%-4.5pp

Annual return

5.04%

11.20%-6.2pp

9.60%-4.6pp

13.95%-8.9pp

Employer contribution / active EE

$27,489-100.0%

$45,595-100.0%

$16,598-100.0%

Participant deferral / active EE

$372-100.0%

$255-100.0%

$511-100.0%

Admin fee / account holder

$612-100.0%

$9,523-100.0%

$612-100.0%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC3+ years

Filed as: TOWERS WATSON

Service code 11 · EIN 23-1159360

Actuarial

$817,701

WELLS FARGO BANK, N.A.3+ years

Service code 21 · EIN 94-1347393

Bank Trustee

$316,165

THE BANK OF NEW YORK MELLON3+ years

Filed as: BANK OF NEW YORK MELLON

Service code 21 · EIN 13-5160382

Bank Trustee

$153,630

BPS&M1 year

Filed as: BPS&M, LLC

Service code 11 · EIN 62-0853448

Actuarial

$57,121

GAMCO ASSET MANAGEMENT3+ years

Filed as: GABELLI ASSET MANAGEMENT COMPANY

Service code 28 · EIN 13-4044521

Investment Management

$47,082

PORTFOLIO EVALUATIONS, INC.3+ years

Filed as: PORTFOLIO EVALUATIONS INC.

Service code 27 · EIN 22-3189064

Advisory (Plan)

$40,000

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