Retirement plan

DISCOVERY EDUCATION 401(K) PLAN

Name: DISCOVERY EDUCATION, INC. - DISCOVERY EDUCATION 401(K) PLAN (2021) Form 5500
Creator: DISCOVERY EDUCATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DISCOVERY EDUCATION 401(K) PLAN, DISCOVERY EDUCATION, INC.

DISCOVERY EDUCATION, INC.EIN 36-2298050Plan #003PY 2021

4350 CONGRESS ST, SUITE 700 - CHARLOTTE, NC 28209704-557-2400discoveryeducation.comLinkedIn501-1000 employeeseducation management

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$27.4M

+53.2% from 2020

Total participants

726

+21.2% from 2020

Average account balance

$38,459

+27.6% from 2020

Annual return

28.70%

+2.45 pp from 2020

Benchmarks

See 922 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort922 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$72.60M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

1,228

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+82.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$58

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
BETTERMENT FOR BUSINESS, LLC4+ years Service code 27 · EIN 47-4872674 8 W. 24TH STREET · NEW YORK, NY 10010	Advisory (Plan)	$58,163

Plan features & details

Pension benefit codes2E2J2K2F2G3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$61K

$138 / participant

Investment mgmt$58K95.8%
Other / not subdivided$3K4.2%

% of EOY assets

0.222%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MELISSA G. CRITCHER, CPA, PC
Auditor EIN: 271654932
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,459

$94,833-59.4%

$75,731-49.2%

$86,821-55.7%

Participation rate

96.8%

79.1%+17.7pp

74.8%+22.0pp

72.3%+24.5pp

Annual return

28.70%

16.91%+11.8pp

104.65%-75.9pp

97.94%-69.2pp

Employer contribution / active EE

$5,053

$2,904+74.0%

$2,743+84.2%

$2,406+110.0%

Participant deferral / active EE

$9,850

$3,632+171.2%

$3,820+157.9%

$4,132+138.4%

Admin fee / account holder

$85

$109-21.5%

$3,620-97.6%

$170-49.7%

Provider

Service type

Compensation

BETTERMENT FOR BUSINESS, LLC4+ years

Service code 27 · EIN 47-4872674

8 W. 24TH STREET · NEW YORK, NY 10010

Advisory (Plan)

$58,163

DISCOVERY EDUCATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DISCOVERY EDUCATION 401(K) 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