Act Education Corp. 401(k) Review & Grade
Act Education Corp. 401(k) Plan
Iowa City, IAEducational Services788 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$556Employer $ per active participant
$763Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$25.7MNet plan assets, end of year
$35,586Average balance per account
Score breakdown
- Employer generosity10.1 / 5020th percentile for employer $ per participant
- Low cost23.8 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving1.0 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 95th |
| Employee saving | 7th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Act Education put in about $556 per active participant, below the typical peer ($1,225). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $438,367 |
| Participant (employee) contributions | $601,430 |
| Other contributions (incl. rollovers in) | $117,505 |
| Administrative expenses paid from the plan | $5,227 |
| Contract administrator fees | $5,227 |
| Benefits paid out | $0 |
| Net assets, start / end of year | $0 / $25.7M |
| Active participants, start / end of year | 790 / 786 |
| Participants with account balances | 723 |
| Auto-enrollment (feature code 2S) | Not reported |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $5,227 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007084602NAL0007565904001, received 2025-10-07, EIN 99-1938691, plan #001, plan year 2024-11-15 to 2024-12-31. Verify at efast.dol.gov.