Educate, Inc. 401(k) Retirement Savings Plan
Educate, Inc., Hunt Valley MD. Employer ID 371465722, plan number 001. Annual reports on file for 2009 to 2022.
Where the money went
Plans that moved money into this one:
- 2012: money from Educate Corporate Centers Holdings, Inc. 401(k) Retirement Savings Plan moved in.
- Filed 2009-2022Educate, Inc. 401(k) Retirement Savings Plan, Educate, Inc.
- 2022Assets transferred to Franchise Group, Inc. 401(k) Plan
- TodayFranchise Group, Inc. 401(k) Plan still files. Fidelity Investments Institutional keeps the records. That is where to ask.
Records are kept by Fidelity Investments Institutional, per the 2024 filing.
Left in 2011? Worth asking about employer money
- In plan year 2011, active participants fell from 286 to 148 (48%), and 64 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. Filing
This is a reason to ask the plan, not a finding. The plan decides, and it may show the drop was routine.
Worked here?
Check your years. We show whether the plan merged or moved money while you were there, and draft the letter to the plan that holds it now.
Events in the filings
- 2021: The employer decided to close the plan.
- 2022: The plan filed its last report: it ended, merged into another plan, or paid everyone out.
- 2022: At least a quarter of the plan's money moved to another plan this year, usually in a merger or company split.
- 2022: The employer decided to close the plan.
People in the plan
"Left, still in the plan" counts people who left the employer but still have a benefit in the plan, as reported by the plan.
| Plan year | Participants | Left, still in the plan | Source |
|---|---|---|---|
| 2011 | 421 | 264 | Filing |
| 2012 | 394 | 235 | Filing |
| 2013 | 280 | 149 | Filing |
| 2014 | 268 | 136 | Filing |
| 2015 | 240 | 109 | Filing |
| 2016 | 246 | 113 | Filing |
| 2017 | 217 | 87 | Filing |
| 2018 | 204 | 77 | Filing |
| 2019 | 203 | 90 | Filing |
| 2020 | 196 | 84 | Filing |
| 2021 | 178 | 73 | Filing |
| 2022 | 0 | 0 | Filing |
Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.