Plan Snapshot
- Plan Sponsor: Pearson Education INC
- Sponsor EIN: 221603684
- Sponsor Address: 221 RIVER STREET, HOBOKEN, NJ, 07030
- Plan Type: 401(k)
- Total Participants: 9,848
- Total Assets: $2.4B
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 | 9,848 | $2.4B | $32.5M | $63.5M |
| 2023 | 10,326 | $2.3B | $33.4M | $65.4M |
| 2022 | 11,542 | $2.1B | $36.7M | $67.8M |
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 |
|---|---|---|---|---|
| LEGACY PROFESSIONALS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
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 | $1,601,727 | $1,176,347 | — | — | — |
| 2023 | $2,003,921 | $1,476,377 | — | — | — |
| 2022 | $1,983,010 | $1,477,623 | — | — | $28,911 |