Massachusetts › Educational services › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
Education Development Center Supplemental Retirement Plan
Sponsored by Education Development Center, Inc., Waltham, MA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Education Development Center, Inc. of Waltham, Massachusetts sponsors Education Development Center Supplemental Retirement Plan, a 403(b) plan. Its Form 5500 for the plan year ending 30 Sep 2025 shows 1,323 participants (525 active) and $134M in net assets.
Net assets came to $101,049 per participant, well above the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well above the $73,018 median for defined contribution plans in educational services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $56K: $42.42 per participant, well below the same-size median of $82.08. Administrative expenses charged to the plan were $55K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $51.0M in 2009 to $134M in 2024 (up 162%), and participants from 1,489 to 1,323 (down 11%).
The independent accountant's opinion on the financial statements was disclaimer, from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $101,049 | $50,295 | $73,018 | $53,102 |
| Employer contributions per active participant | — | $2,045 | $2,838 | $2,175 |
| Schedule C compensation per participant | $42.42 | $82.08 | $95.66 | $123 |
| Schedule C compensation, share of net assets | 0.04% | 0.17% | 0.13% | 0.26% |
| Administrative expenses per participant | $41.45 | $82.20 | $89.26 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), educational services (2,753) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 1,323 | $134M | $101,049 | — | $4.0M | $56K |
| 2023 | 1,423 | $125M | $88,016 | — | $4.5M | $55K |
| 2022 | 1,444 | $107M | $74,205 | — | $4.1M | $62K |
| 2021 | 1,407 | $95.9M | $68,161 | — | $3.7M | $69K |
| 2020 | 1,353 | $111M | $81,705 | — | $3.4M | $27K |
| 2019 | 1,346 | $94.7M | $70,371 | — | $3.1M | $25K |
| 2018 | 1,403 | $92.3M | $65,756 | — | $3.1M | $0 |
| 2017 | 1,492 | $92.0M | $61,649 | $0 | $3.0M | $47K |
| 2016 | 1,527 | $87.5M | $57,277 | — | $2.9M | $47K |
| 2015 | 1,538 | $79.4M | $51,652 | — | $2.6M | $0 |
| 2014 | 1,474 | $75.5M | $51,252 | — | $2.7M | $15K |
| 2013 | 1,514 | $76.4M | $50,482 | $8,000 | $2.7M | $14K |
| 2012 | 1,624 | $67.9M | $41,826 | — | $3.1M | $0 |
| 2011 | 1,618 | $59.9M | $37,000 | — | $2.9M | $0 |
| 2010 | 1,629 | $52.0M | $31,919 | — | $2.9M | $0 |
| 2009 | 1,489 | $51.0M | $34,280 | — | $2.7M | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$125,247,254
- Employer contributions—
- Participant contributions$3,992,002
- Rollovers and other contributions$1,014,305
- Total contributions$5,006,307
- Total income, including investment results$18,829,180
- Benefits paid$10,316,594
- Administrative expenses$54,841
- Total expenses$10,388,272
- Net income$8,440,908
- Net transfers$0
- Net assets, end of year$133,688,162
Participants
- Active participants525
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits798
- Participants with account balances1,187
- Total participants, end of year1,323
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| TIAA - Teachers Insurance and Annui | Other fees | $56,117 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$52,363
- Recordkeeping fees$2,478
- Total administrative expenses$54,841
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$96.0M · 71.8%
- Insurance company general account$32.0M · 23.9%
- Pooled separate accounts$5.5M · 4.1%
- Participant loans$218K · 0.2%
Audit and compliance answers, as filed
- Accountant's opinionDisclaimer
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmGrant, Thornton, LLP
- Participant contributions reported as transmitted lateYes, $1,262,609
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2LCode section 403(b)(1) arrangement (annuity contracts)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 611000: Educational Services (including schools, colleges, & universities).
Other plans of Education Development Center, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Edc Retirement Plan | 1,684 | $185M |
Similar plans in Massachusetts
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| New England Conservatory of Music 403(b) Plan | New England Conservatory | 1,334 | $78.3M | $58,681 |
| Brandeis University Defined Contribution Retirement Plan for Nonexempt Employees | Brandeis University | 1,248 | $55.1M | $44,142 |
| Stonehill College 403(b) Retirement Savings Plan | Stonehill College | 1,338 | $240M | $179,273 |
| Curry College Defined Contribution Retirement Plan | Curry College | 1,218 | $144M | $118,337 |
| Phillips Academy Retirement Plan | Trustees of Phillips Academy | 1,436 | $349M | $243,043 |
| Assumption University Defined Contribution Retirement Plan | Assumption University | 1,202 | $146M | $121,599 |
Defined contribution plans in educational services closest in size.
Questions and answers
How big is Education Development Center Supplemental Retirement Plan?
1,323 participants at the end of the plan year ending 30 Sep 2025, of whom 525 were active employees, with net assets of $133,688,162. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does Education Development Center, Inc. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $56,117 in compensation to service provider organisations, $42.42 per participant or 0.04% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $54,841. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Education Development Center, Inc.. The financial statements were audited by Grant, Thornton, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an disclaimer opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. A disclaimer of opinion was the usual result of a limited-scope audit under the rules in force before 2021 and is not by itself a finding about the plan.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 14 Jul 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 04-2241718, plan 001, received 14 Jul 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.