SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN

Plan Contact

  • Address: 557 BROADWAY,NEW YORK,NY
  • Contact person: CYNTHIA AUGUSTINE
  • Phone: (212) 343-6379

Plan General Information

SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2010, the total retirement plan assets of SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN is $252,948,491.00.This plan was established in 1996.

SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2010, the total number of retirement plan participants in SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN is 9752

SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN Average Participant Retirement Account Value

In 2010, the average participant retirement account value for SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN is $25,938.00

SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2010, the estimated average employee contribution amount per participant for SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN is $3,702.00.

SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN Estimated Average Employer Match

In 2010, the estimated average employer match for an employee in SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN is approximately $630.00
Investing in this additonal $630.00 for 20 years would give you extra $40,366.00, assuming a 10% annual return.

SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2010, SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN allocates $6,150,877.00 to match its employees' contributions, providing an employer match rate of 34.07% of their contributions

SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2010, the total retirement plan asset growth rate of SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN is 16.47%.

SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2010, the estimated aggregate retirement account investment gain/loss for SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN is 12.29%. This measures the effectiveness of the plan participants' investments in the year.

SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN Expense Ratio

In 2010, the investment and administrative expense ratio of SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN is 0.07%.

Enrollment Features

SCHOLOASTIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.


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