Powerschool Group LLC 401(k) Review & Grade
Powerschool Group LLC 401(k) Plan
Folsom, CAProfessional, Scientific & Technical Services1,749 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,328Employer $ per active participant
$10,911Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$222.5MNet plan assets, end of year
$86,671Average balance per account
Score breakdown
- Employer generosity33.9 / 5068th percentile for employer $ per participant
- Low cost17.4 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 70th |
| Employee saving | 66th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $11,985 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Powerschool Group put in about $4,328 per active participant, more than the typical peer ($3,082). 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 | $7,570,019 |
| Participant (employee) contributions | $19,083,296 |
| Other contributions (incl. rollovers in) | $3,655,468 |
| Administrative expenses paid from the plan | $244,240 |
| Benefits paid out | $24,627,196 |
| Net assets, start / end of year | $185.4M / $222.5M |
| Active participants, start / end of year | 1,871 / 1,627 |
| Participants with account balances | 2,567 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $244,345 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009115432NAL0003881507001, received 2025-10-09, EIN 47-4429364, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.