The Learning Experience Corporat 401(k) Review & Grade
The Learning Experience 401k Plan
Deerfield Beach, FLHealth Care & Social Assistance531 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,357Employer $ per active participant
$2,388Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$6.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity29.1 / 5058th percentile for employer $ per participant
- Low cost15.8 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 63th |
| Employee saving | 47th |
| Peers that auto-enroll | 36% |
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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
- Learning Experience Corporat put in about $1,357 per active participant, more than the typical peer ($976). 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 | $720,515 |
| Participant (employee) contributions | $1,267,825 |
| Other contributions (incl. rollovers in) | $42,779 |
| Administrative expenses paid from the plan | $8,768 |
| Benefits paid out | $619,649 |
| Net assets, start / end of year | $4.8M / $6.9M |
| Active participants, start / end of year | 520 / 542 |
| Participants with account balances | 265 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withumsmithbrown PC |
Largest service providers (Schedule C)
| Adp, Inc. | $8,768 reported compensation |
| Morgan Stanley | $0 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250826050320NAL0016557778001, received 2025-08-26, EIN 02-0713048, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.