Anthology Inc. 401(k) Review & Grade
Anthology Inc. Retirement Plan · d/b/a Blackboard Inc.
Boca Raton, FLEducational Services1,124 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,687Employer $ per active participant
$10,476Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$270.1MNet plan assets, end of year
$132,080Average balance per account
Score breakdown
- Employer generosity38.8 / 5078th percentile for employer $ per participant
- Low cost18.9 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1597th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 76th |
| Employee saving | 97th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,086 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Anthology put in about $2,687 per active participant, more than the typical peer ($1,225). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $3,021,520 |
| Participant (employee) contributions | $11,780,591 |
| Other contributions (incl. rollovers in) | $1,605,681 |
| Administrative expenses paid from the plan | $240,278 |
| Contract administrator fees | $1,200 |
| Other admin expenses | $66,112 |
| Benefits paid out | $28,492,587 |
| Net assets, start / end of year | $244.5M / $270.1M |
| Active participants, start / end of year | 1,152 / 1,097 |
| Participants with account balances | 2,045 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $125,361 reported compensation |
| Capfinancial Partners LLC | $45,000 reported compensation |
| Forvis Mazars, LLP | $43,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015121307NAL0002385635001, received 2025-10-15, EIN 65-0518155, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.