Imagine Schools, Inc. 401(k) Review & Grade
Imagine Schools, Inc. 401(k) Retirement Savings
Vienna, VAEducational Services3,218 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,244Employer $ per active participant
$1,695Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$110.9MNet plan assets, end of year
$38,944Average balance per account
Score breakdown
- Employer generosity28.8 / 5058th percentile for employer $ per participant
- Low cost14.4 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving2.3 / 1515th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Educational Services plans with 2,500–9,999 active participants (34 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 57th |
| Employee saving | 15th |
| Peers that auto-enroll | 65% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,644,172 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Imagine Schools put in about $1,244 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.
- 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $4,005,239 |
| Participant (employee) contributions | $5,455,913 |
| Other contributions (incl. rollovers in) | $26,378 |
| Administrative expenses paid from the plan | $103,052 |
| Contract administrator fees | $77,616 |
| Investment advisory & management fees | $25,436 |
| Benefits paid out | $8,189,584 |
| Net assets, start / end of year | $96.0M / $110.9M |
| Active participants, start / end of year | 3,079 / 3,358 |
| Participants with account balances | 2,847 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Berman |
Largest service providers (Schedule C)
| Ascensus LLC | $122,822 reported compensation |
| GWN Securities, Inc | $17,183 reported compensation |
| Mesirow | $8,253 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251023060859NAL0002121795001, received 2025-10-23, EIN 04-3466383, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.