Mcgraw-Hill Education Holdings, LLC 401(k) Review & Grade
Mcgraw Hill 401(k) Plan
New York, NYProfessional, Scientific & Technical Services3,416 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,466Employer $ per active participant
$10,348Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$906.2MNet plan assets, end of year
$186,506Average balance per account
Score breakdown
- Employer generosity36.1 / 5072th percentile for employer $ per participant
- Low cost18.8 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1557th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 75th |
| Employee saving | 57th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $9,351 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mcgraw-Hill Education Holdings put in about $4,466 per active participant, more than the typical peer ($2,951). 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 | $15,258,276 |
| Participant (employee) contributions | $35,354,036 |
| Other contributions (incl. rollovers in) | $4,789,731 |
| Administrative expenses paid from the plan | $479,957 |
| Contract administrator fees | $1,800 |
| Investment advisory & management fees | $300,876 |
| Benefits paid out | $78,358,953 |
| Net assets, start / end of year | $810.7M / $906.2M |
| Active participants, start / end of year | 3,371 / 3,462 |
| Participants with account balances | 4,859 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst and Young |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $195,283 reported compensation |
| Fidelity Investments Institutional | $186,189 reported compensation |
| Newport Group Securities, Inc. | $62,710 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013125507NAL0002886882001, received 2025-10-13, EIN 90-0942340, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.