Plan Snapshot
- Plan Sponsor: Lrn Corporation
- Sponsor EIN: 954461694
- Sponsor Address: 41 MADISON AVE 30TH FLOOR, NEW YORK, NY, 10010
- Plan Type: 401(k)
- Total Participants: 86
- Total Assets: $23.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 86 | $23.8M | $500,727 | $1.0M |
| 2023 | 98 | $22.0M | $549,346 | $1.2M |
| 2022 | 132 | $20.3M | $587,379 | $1.1M |
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 |
|---|---|---|---|---|
| HCVT CPAS LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $51,883 | — | $51,883 | — | — |
| 2023 | $52,647 | — | $52,647 | — | — |
| 2022 | $21,844 | — | $21,844 | — | — |