North Carolina Learns 401(k) match, vesting and fees
What North Carolina Learns' 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 | Capital Group Retire Plan Serv | Schedule C ↗ |
| Independent auditor | Sharpe Patel PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 2,134 defined-contribution plans in educational services with 100 to 499 participants.
| North Carolina Learns: employer contribution per participant | $857 | |
| Peer median | $1,684 |
| North Carolina Learns: average balance | $17,995 | |
| Peer median | $62,952 |
| North Carolina Learns: admin expenses ÷ assets | 0.15% | |
| Peer median | 0.17% |
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 $1.5M at the end of plan year 2021 to $3.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 276 | $3.6M | $172K | $857 | 0.15% | Not published | Form 5500 ↗ |
| 2023 | 212 | $2.9M | $133K | $843 | 0.03% | Not published | Form 5500 ↗ |
| 2022 | 220 | $2.1M | $108K | $753 | 0.06% | Not published | Form 5500 ↗ |
| 2021 | 214 | $1.5M | $97K | $671 | 0.04% | Not published | Form 5500 ↗ |
Common questions
Does North Carolina Learns match 401(k) contributions?
The match terms for the North Carolina Virtual Academy 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $172K in employer contributions, about $857 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the North Carolina Learns 401(k) match vested?
The vesting schedule for the North Carolina Virtual Academy 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the North Carolina Learns 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Capital Group Retire Plan Serv. The plan administrator is North Carolina Learns, Inc..
I left North Carolina Learns. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (North Carolina Learns, Inc., (919) 346-0121) or the recordkeeper, Capital Group Retire Plan Serv. The North Carolina Learns old 401(k) page lists the contacts from every plan filing. Find an old North Carolina Learns 401(k)
Data from the public Form 5500 annual reports North Carolina Learns 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 North Carolina Learns. Not financial advice. Report a correction · Methodology