Department of Labor filing

PROSPECT EDUCATION

PROSPECT EDUCATION 401(K) PLAN · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Sep 5, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

45filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$1,913

Reported employer contributions per active participant.

Higher than about 51% of comparable plans

#People in the filing

259

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$173 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 31% of comparable plans

↗Investment performance

Not available

Plan assets changed 15.9%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202445out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions51st percentileTypical peer $1,873 · based on 503 comparable plans

Lower reported administrative expense31st percentileTypical peer $108 · based on 522 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, PROSPECT EDUCATION reported $495,499 in employer contributions across the plan and 259 active participants. That works out to $1,913 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy83%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendNot enough history

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 18.3%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context45/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $495,499
Participant contributions: $530,567
Other contributions: Not reported
Employer share of reported contributions: 48.3%
Beginning assets: $7,774,799
Ending assets: $9,008,748
Ending net assets: $9,008,748
Ending liabilities: $0
Total income: $2,105,619
Total expenses: $871,670
Administrative expenses: $61,875
Participant loans: Not reported

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

Not reported

2023

Not reported

2024

$1,913

Plan-paid administrative expenses per participant

2022

$146

2023

$151

2024

$173

Active participants

2022

287

2023

277

2024

259

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$1,913	259	9M	20250905120115NAL0017098257001
2023	Not reported	277	7.8M	20241007165008NAL0032418274001
2022	Not reported	287	7.9M	20230912144941NAL0044707570001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: Not stated in the filing
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 731663968-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1993
Industry: Educational services
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
PRINCIPAL LIFE INSURANCE COMPANY	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20250905120115NAL0017098257001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗