Plan Snapshot
- Plan Sponsor: Discovery Education, INC.
- Sponsor EIN: 362298050
- Sponsor Address: 4350 CONGRESS ST, CHARLOTTE, NC, 28209
- Plan Type: 401(k)
- Total Participants: 610
- Total Assets: $72.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 610 | $72.6M | $2.5M | $7.5M |
| 2023 | 487 | $40.0M | $2.0M | $5.2M |
| 2022 | 495 | $30.6M | $2.8M | $5.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $62,605 | — | $62,605 |
| MELISSA G. CRITCHER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- MELISSA G. CRITCHER — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,605
- Estimated Expense Ratio: 0.086% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $71,325 | $796 | — | — | — |
| 2023 | $91,185 | $86,610 | — | — | — |
| 2022 | $71,579 | — | $69,854 | — | $1,725 |