Ixl Learning, Inc. 401(k) Review & Grade
Ixl Learning, Inc. 401(k) Profit Sharing Plan and Trust
San Mateo, CAEducational Services1,337 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,784Employer $ per active participant
$9,067Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$142.1MNet plan assets, end of year
$77,964Average balance per account
Score breakdown
- Employer generosity40.6 / 5081th percentile for employer $ per participant
- Low cost18.9 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1594th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 75th |
| Employee saving | 94th |
| Peers that auto-enroll | 37% |
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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
- Ixl Learning put in about $2,784 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 | $3,722,789 |
| Participant (employee) contributions | $12,122,493 |
| Other contributions (incl. rollovers in) | $2,060,436 |
| Administrative expenses paid from the plan | $121,517 |
| Other admin expenses | $1,000 |
| Benefits paid out | $10,248,903 |
| Net assets, start / end of year | $115.2M / $142.1M |
| Active participants, start / end of year | 1,279 / 1,395 |
| Participants with account balances | 1,822 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | The Nair Group, LLC |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $120,517 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930165142NAL0012535265001, received 2025-09-30, EIN 94-3321802, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.