California › Educational services › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Select Education Group Employee Stock Ownership Plan
Sponsored by Select Education Group, Inc., Modesto, CA
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.
Select Education Group, Inc. of Modesto, California sponsors Select Education Group Employee Stock Ownership Plan, an employee stock ownership plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 180 participants (162 active) and $557K in net assets.
Net assets came to $3,096 per participant, well below the $60,185 median for defined contribution plans with 100 to 249 participants and well below 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.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were —.
Across the filings on record, net assets went from $552K in 2022 to $557K in 2024 (up 1%), and participants from 370 to 180 (down 51%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $3,096 | $60,185 | $73,018 | $53,102 |
| Employer contributions per active participant | — | $2,447 | $2,838 | $2,175 |
| Schedule C compensation per participant | — | $194 | $95.66 | $123 |
| Schedule C compensation, share of net assets | — | 0.32% | 0.13% | 0.26% |
| Administrative expenses per participant | — | $176 | $89.26 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 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 | 180 | $557K | $3,094 | — | — | $0 |
| 2023 | 317 | $672K | $2,120 | $3,000 | — | $0 |
| 2022 | 370 | $552K | $1,492 | $10K | — | $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$672,168
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results$30,056
- Benefits paid$144,878
- Administrative expenses—
- Total expenses$144,878
- Net income−$114,822
- Net transfers$0
- Net assets, end of year$557,346
Participants
- Active participants162
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits18
- Participants with account balances166
- Total participants, end of year180
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
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.
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.
- Cash (interest and non-interest bearing)$564K · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmWeworski & Associates
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $200,000
- 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
2OESOP other than a leveraged ESOP3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 611000: Educational Services (including schools, colleges, & universities).
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| St. Paul's Episcopal School Defined Contribution Retirement Plan | St. Paul's Day School of Oakland | 180 | $13.9M | $77,240 |
| Chsu 401(k) Plan | California Health Sciences University, LLC | 172 | $7.5M | $43,810 |
| Mayfield Junior School of the Holy Child Jesus Defined Contribution Retirement Plan | Mayfield Junior School | 181 | $32.4M | $179,081 |
| Keys School DC Plan | Keys Family Day School | 171 | $19.2M | $112,020 |
| California University of Science and Medicine 401(k) Plan | California University of Science and Medicine | 182 | $5.9M | $32,463 |
| Drew School Defined Contribution Retirement Plan | Drew School | 170 | $18.8M | $110,750 |
Defined contribution plans in educational services closest in size.
Questions and answers
How big is Select Education Group Employee Stock Ownership Plan?
180 participants at the end of the plan year ending 31 Dec 2024, of whom 162 were active employees, with net assets of $557,346. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Select Education Group, 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 no provider compensation for the year. Administrative expenses on Schedule H were —. 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 Select Education Group, Inc.. The financial statements were audited by Weworski & Associates. 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 unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 2 Oct 2025. 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 47-1096041, plan 002, received 2 Oct 2025; 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.