International Education 401(k) match, vesting and fees
What International Education's 401(k) plan says about matching contributions
The Company contributes 100 percent of a participants contributions to the Plan up to 4 percent of the participants eligible compensation for the year. Effective January 1, 2015, the Plan adopted safe harbor plan provisions, whereby participants are vested 100 percent at all times.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 37 ↗ |
| Match vesting | Effective January 1, 2015, the Plan adopted safe harbor plan provisions, whereby participants are vested 100 percent at all times. | Audit report, p. 37 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50 percent of their vested account balance. | Audit report, p. 38 ↗ |
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Roorda, Pipuet, & Bessee, Inc. Cpas (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 441 defined-contribution plans in educational services with 1,000 to 4,999 participants.
| International Education: employer contribution per participant | $1,740 | |
| Peer median | $2,130 |
| International Education: average balance | $28,452 | |
| Peer median | $126,258 |
| International Education: admin expenses ÷ assets | 0.39% | |
| Peer median | 0.07% |
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 $26.6M at the end of plan year 2021 to $34.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,148 | $34.3M | $2.1M | $1,740 | 0.39% | Quoted in the audit report, p. 37 ↗ | Form 5500 ↗ |
| 2023 | 2,434 | $32.3M | $2.3M | $1,611 | 0.82% | Not published | Form 5500 ↗ |
| 2022 | 2,824 | $26M | $2.4M | $1,664 | 0.82% | Not published | Form 5500 ↗ |
| 2021 | 2,811 | $26.6M | $2M | $1,458 | 0.84% | Not published | Form 5500 ↗ |
Other International Education plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Iec Corporation Employee Stock Ownership Plan
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.
| Independent auditor | Roorda, Pipuet, & Bessee, Inc. Cpas (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Common questions
Does International Education match 401(k) contributions?
The audit report attached to the International Education Corporation 401(k) Plan's plan year 2024 Form 5500, page 37 says: “The Company contributes 100 percent of a participants contributions to the Plan up to 4 percent of the participants eligible compensation for the year. Effective January 1, 2015, the Plan adopted safe harbor plan provisions, whereby participants are vested 100 percent at all times.” Plan terms may have changed; check your current Summary Plan Description.
When is the International Education 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 37 says: “Effective January 1, 2015, the Plan adopted safe harbor plan provisions, whereby participants are vested 100 percent at all times.”
Who manages the International Education 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is International Education Corporation.
I left International Education. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (International Education Corporation, (949) 272-7258) or the recordkeeper, Principal Life Insurance Company. The International Education old 401(k) page lists the contacts from every plan filing. Find an old International Education 401(k)
Data from the public Form 5500 annual reports International Education 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 International Education. Not financial advice. Report a correction · Methodology