Scholastic Corporation 401(k) Review & Grade
Scholastic Corporation 401(k) Savings and Retirement Plan
New York, NYInformation4,994 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,563Employer $ per active participant
$5,382Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$626.6MNet plan assets, end of year
$93,538Average balance per account
Score breakdown
- Employer generosity9.3 / 5019th percentile for employer $ per participant
- Low cost17.1 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 68th |
| Employee saving | 24th |
| Peers that auto-enroll | 63% |
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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
- Scholastic put in about $1,563 per active participant, below the typical peer ($3,691). 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 | $7,804,644 |
| Participant (employee) contributions | $26,882,574 |
| Other contributions (incl. rollovers in) | $1,115,001 |
| Administrative expenses paid from the plan | $420,419 |
| Investment advisory & management fees | $69,226 |
| Benefits paid out | $57,028,403 |
| Net assets, start / end of year | $568.6M / $626.6M |
| Active participants, start / end of year | 4,982 / 5,007 |
| Participants with account balances | 6,699 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young LLP |
| Employer stock held by plan | $2,724,723 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $351,193 reported compensation |
| Capfinancial Partners, LLC. | $69,226 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250814162157NAL0005503347001, received 2025-08-14, EIN 13-3385513, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.