Follett Higher Education Group 401(k) match, vesting and fees
What Follett Higher Education Group's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | T Rowe Price Rps Inc | Schedule C ↗ |
| Independent auditor | Miller, Cooper & Company, Ltd (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 348 defined-contribution plans in wholesale trade with 1,000 to 4,999 participants.
| Follett Higher Education Group: employer contribution per participant | $920 | |
| Peer median | $2,066 |
| Follett Higher Education Group: average balance | $80,195 | |
| Peer median | $77,876 |
| Follett Higher Education Group: admin expenses ÷ assets | 0.06% | |
| Peer median | 0.14% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $450M at the end of plan year 2021 to $335M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 7,016 | $335M | $3.8M | $920 | 0.06% | Not published | Form 5500 ↗ |
| 2023 | 7,794 | $321M | $4.8M | $1,049 | 0.08% | Not published | Form 5500 ↗ |
| 2022 | 7,954 | $291M | $4.8M | $1,013 | 0.06% | Not published | Form 5500 ↗ |
| 2021 | 11,293 | $450M | $8.8M | $1,536 | 0.06% | Not published | Form 5500 ↗ |
Common questions
Does Follett Higher Education Group match 401(k) contributions?
The match terms for the Follett Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $3.8M in employer contributions, about $920 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Follett Higher Education Group 401(k) match vested?
The vesting schedule for the Follett Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Follett Higher Education Group 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is T Rowe Price Rps Inc. The plan administrator is Follett Higher Education Group, LLC.
I left Follett Higher Education Group. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Follett Higher Education Group, LLC, (630) 853-5017) or the recordkeeper, T Rowe Price Rps Inc. The Follett Higher Education Group old 401(k) page lists the contacts from every plan filing. Find an old Follett Higher Education Group 401(k)
Data from the public Form 5500 annual reports Follett Higher Education Group filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Follett Higher Education Group. Not financial advice. Report a correction · Methodology