Savvas Learning Company LLC 401(k) Review & Grade
Savvas Learning Company LLC Retirement Plan
Paramus, NJManagement of Companies1,854 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,180Employer $ per active participant
$9,124Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$397.1MNet plan assets, end of year
$187,948Average balance per account
Score breakdown
- Employer generosity38.6 / 5077th percentile for employer $ per participant
- Low cost20.9 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 84th |
| Employee saving | 76th |
| Peers that auto-enroll | 58% |
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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
- Savvas Learning Company put in about $5,180 per active participant, more than the typical peer ($2,492). 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 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 | $9,603,523 |
| Participant (employee) contributions | $16,916,202 |
| Other contributions (incl. rollovers in) | $2,306,397 |
| Administrative expenses paid from the plan | $234,892 |
| Investment advisory & management fees | $84,256 |
| Other admin expenses | $1,200 |
| Benefits paid out | $29,056,533 |
| Net assets, start / end of year | $352.3M / $397.1M |
| Active participants, start / end of year | 1,853 / 1,855 |
| Participants with account balances | 2,113 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas, P.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $173,626 reported compensation |
| Empower Advisory Group, LLC | $83,606 reported compensation |
| Qdro Consultants Company, LLC | $1,200 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250819121408NAL0003822208001, received 2025-08-19, EIN 82-4606641, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.