Plan Snapshot
- Plan Sponsor: Education Development Center, INC.
- Sponsor EIN: 042241718
- Sponsor Address: 300 FIFTH AVENUE, WALTHAM, MA, 02451
- Plan Type: DC
- Total Participants: 592
- Total Assets: $184.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 592 | $184.6M | $6.3M | $0 |
| 2023 | 591 | $165.2M | $5.5M | $0 |
| 2022 | 538 | $143.8M | $4.8M | $0 |
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 |
|---|---|---|---|---|
| TIAA - TEACHERS INSURANCE AND ANNUI | NONE | $108,225 | — | $108,225 |
| EDUCATION DEVELOPMENT CENTER | NONE | $48,846 | — | $48,846 |
| GRANT THORNTON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA - TEACHERS INSURANCE AND ANNUI — NONE
- GRANT THORNTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $157,071
- Estimated Expense Ratio: 0.085% 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 | $157,071 | — | $152,279 | — | — |
| 2023 | $137,619 | — | $134,551 | — | — |
| 2022 | $97,316 | $1,326 | $95,990 | — | — |