Plan Snapshot
- Plan Sponsor: Savvas Learning Company LLC
- Sponsor EIN: 824606641
- Sponsor Address: 15 EAST MIDLAND AVENUE, PARAMUS, NJ, 07653
- Plan Type: 401(k)
- Total Participants: 1,855
- Total Assets: $397.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,855 | $397.1M | $9.6M | $16.9M |
| 2023 | 1,822 | $352.3M | $9.2M | $16.1M |
| 2022 | 1,598 | $297.2M | $8.4M | $14.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | NONE | $173,626 | — | $173,626 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $83,606 | — | $83,606 |
| CBIZ CPAS, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $257,232
- Estimated Expense Ratio: 0.065% 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 | $234,892 | $84,256 | — | — | — |
| 2023 | $220,276 | $71,675 | — | — | — |
| 2022 | $217,578 | $63,744 | $135,814 | — | $18,020 |