Retirement plan

MCGRAW-HILL EDUCATION 401(K) PLAN

Name: MCGRAW-HILL EDUCATION HOLDINGS LLC - MCGRAW-HILL EDUCATION 401(K) PLAN (2022) Form 5500
Creator: MCGRAW-HILL EDUCATION HOLDINGS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCGRAW-HILL EDUCATION 401(K) PLAN, MCGRAW-HILL EDUCATION HOLDINGS LLC

MCGRAW-HILL EDUCATION HOLDINGS LLCEIN 90-0942340Plan #003PY 2022

1325 AVENUE OF THE AMERICAS - NEW YORK, NY 101190602904-505-0682

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed July 2, 2013

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$714M

-8.2% from 2016

Total participants

5,098

-3.6% from 2016

Average account balance

$144,631

-4.3% from 2016

Annual return

-13.82%

-9.34 pp from 2016

Benchmarks

See 900 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort900 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$906.36M

Not enough data

1 years with asset history on file

Average account balance

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

$187K

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.

4,859

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$50.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+15.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$99

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$615,549
NEWPORT GROUP, INC.8+ years Filed as: NEWPORT GROUP SECURITIES Service code 27 · EIN 59-3099288	Advisory (Plan)	$143,894
PROSKAUER ROSE LLP2 years Service code 27 · EIN 13-1840454	Advisory (Plan)	$19,359
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$848K

$241 / participant

Investment mgmt$229K27.0%
Contract admin$610K71.9%
Other / not subdivided$9K1.1%

% of EOY assets

0.119%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST AND YOUNG
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$144,631

$95,388+51.6%

$125,401+15.3%

$77,906+85.6%

Participation rate

95.4%

78.6%+16.8pp

82.4%+13.0pp

73.7%+21.7pp

Annual return

-13.82%

116.19%-130.0pp

572.53%-586.4pp

12.16%-26.0pp

Employer contribution / active EE

$4,102

$3,666+11.9%

$4,816-14.8%

$2,846+44.1%

Participant deferral / active EE

$8,556

$7,711+11.0%

$7,448+14.9%

$4,805+78.1%

Admin fee / account holder

$172

$119+44.5%

$10,008-98.3%

$133+29.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$615,549

NEWPORT GROUP, INC.8+ years

Filed as: NEWPORT GROUP SECURITIES

Service code 27 · EIN 59-3099288

Advisory (Plan)

$143,894

PROSKAUER ROSE LLP2 years

Service code 27 · EIN 13-1840454

Advisory (Plan)

$19,359

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26 · EIN 36-4317381

Advisory (Participants)

MCGRAW-HILL EDUCATION 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCGRAW-HILL EDUCATION 401(K) PLAN

Top hat statement on fileNQDC

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