Imagine Learning LLC 401(k) Review & Grade
Imagine Learning LLC 401(k) Plan
Tempe, AZEducational Services2,695 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,811Employer $ per active participant
$5,468Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$138.4MNet plan assets, end of year
$42,205Average balance per account
Score breakdown
- Employer generosity39.4 / 5079th percentile for employer $ per participant
- Low cost5.5 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Educational Services plans with 2,500–9,999 active participants (34 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 22th |
| Employee saving | 82th |
| Peers that auto-enroll | 65% |
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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
- Imagine Learning put in about $1,811 per active participant, more than the typical peer ($1,155). 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.
- Direct plan expenses (0.31% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $4,881,596 |
| Participant (employee) contributions | $14,736,176 |
| Other contributions (incl. rollovers in) | $2,343,914 |
| Administrative expenses paid from the plan | $393,391 |
| Contract administrator fees | $393,391 |
| Benefits paid out | $15,859,027 |
| Net assets, start / end of year | $116.1M / $138.4M |
| Active participants, start / end of year | 2,664 / 2,726 |
| Participants with account balances | 3,279 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $393,391 reported compensation |
| Global Retirement Partners LLC | $97,344 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015123833NAL0004865649001, received 2025-10-15, EIN 45-1565841, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.