Retirement plan

PEARSON INC. PENSION PLAN

Name: PEARSON EDUCATION, INC. - PEARSON INC. PENSION PLAN (2021) Form 5500
Creator: PEARSON EDUCATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PEARSON INC. PENSION PLAN, PEARSON EDUCATION, INC.

PEARSON EDUCATION, INC.EIN 22-1603684Plan #003PY 2021

221 RIVER STREET - HOBOKEN, NJ 07030201-236-7000LinkedIn1-10 employeespublishing

Other plans on this EIN

1 filing

#002Retirement-$2.59B assets

Prospect flagsHigh retiree %Low returnsLow employer contributionWind-down / frozen

How to read this page

Total assets (EOY)

$108.6M

-0.6% from 2020

Total participants

3,200

+5.9% from 2020

Average account balance

No prior year

Annual return

3.06%

+5.18 pp from 2020

Benchmarks

See 36 peers

Peer group

Industry51 - Information

Plan typeDefined benefit

Participants250-999

Cohort36 peers

Snapshot2021

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Analytics

Total assets (EOY)

Plan-year ending balance

$65.63M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

Not enough data

1 years with per-participant data

Participants with account balance

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

1,733

Not enough data

1 years with headcount on file

Eligible Participants and Participation

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

0.0%

Not enough data

1 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

+1.41%

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

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC1 year Filed as: WTW Service code 11 · EIN 53-0181291 200 LIBERTY STREET · NEW YORK, NY 10281	Actuarial	$648,163
SEI INVESTMENTS3+ years Filed as: SEI INVESTMENT COMPANY Service code 28 · EIN 23-1707341 1 FREEDOM VALLEY DRIVE · OAKS, PA 19456	Investment Management	$270,227
THE SEGAL COMPANY2 years Filed as: SEGAL ADVISORS Service code 27 · EIN 12-2646110 333 WEST 34TH STREET · NEW YORK, NY 10001	Advisory (Plan)	$71,230
LEGACY PROFESSIONALS LLP2 years Filed as: LEGACY PROFESSIONAL LLP Service code 10 · EIN 32-0043599 4 WESTBROOK CORPORATE CENTER · WESTCHESTER, IL 60154	Accounting	$17,100
ELLENOFF GROSSMAN & SCHOLE LLP1 year Service code 29 1345 6TH AVE · NEW YORK, NY 10105	Legal	$11,603

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1I1A1C1D3H

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).
1D
Floor-offset plan
Defined benefit plan whose benefits are offset by retirement benefits provided under an employer-sponsored defined contribution 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

4 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.
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.

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$2820 / participant

Other / not subdivided$1M100.0%

% of EOY assets

1.122%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEGACY PROFESSIONALS LLP
Auditor EIN: 320043599
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$1,472,696-100.0%

$397,815-100.0%

$1,472,696-100.0%

Participation rate

0.0%

0.0%0pp

33.6%-33.6pp

0.7%-0.7pp

Annual return

3.06%

14.25%-11.2pp

9.74%-6.7pp

13.24%-10.2pp

Employer contribution / active EE

$6,860-100.0%

$39,474-100.0%

$14,616-100.0%

Participant deferral / active EE

$197-100.0%

$135-100.0%

$830-100.0%

Admin fee / account holder

$4,137-100.0%

$10,161-100.0%

$4,137-100.0%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC1 year

Filed as: WTW

Service code 11 · EIN 53-0181291

200 LIBERTY STREET · NEW YORK, NY 10281

Actuarial

$648,163

SEI INVESTMENTS3+ years

Filed as: SEI INVESTMENT COMPANY

Service code 28 · EIN 23-1707341

1 FREEDOM VALLEY DRIVE · OAKS, PA 19456

Investment Management

$270,227

THE SEGAL COMPANY2 years

Filed as: SEGAL ADVISORS

Service code 27 · EIN 12-2646110

333 WEST 34TH STREET · NEW YORK, NY 10001

Advisory (Plan)

$71,230

LEGACY PROFESSIONALS LLP2 years

Filed as: LEGACY PROFESSIONAL LLP

Service code 10 · EIN 32-0043599

4 WESTBROOK CORPORATE CENTER · WESTCHESTER, IL 60154

Accounting

$17,100

ELLENOFF GROSSMAN & SCHOLE LLP1 year

Service code 29

1345 6TH AVE · NEW YORK, NY 10105

Legal

$11,603

PEARSON INC. PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PEARSON INC. PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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