FOLLETT HIGHER EDUCATION GROUP, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan FOLLETT RETIREMENT SAVINGS PLAN
Measure | Date | Value |
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2022 : FOLLETT RETIREMENT SAVINGS PLAN 2022 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
Total transfer of assets from this plan | 2022-12-31 | $67,178,410 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $18,952 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $20,824 |
Total income from all sources (including contributions) | 2022-12-31 | $-49,886,639 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $42,298,698 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $42,063,646 |
Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $2,081 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $15,342,923 |
Value of total assets at end of year | 2022-12-31 | $290,536,575 |
Value of total assets at beginning of year | 2022-12-31 | $449,902,194 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $232,971 |
Total interest from all sources | 2022-12-31 | $143,483 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $2,059,937 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $2,059,937 |
Administrative expenses professional fees incurred | 2022-12-31 | $300 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $7,859,134 |
Participant contributions at end of year | 2022-12-31 | $2,938,904 |
Participant contributions at beginning of year | 2022-12-31 | $3,743,171 |
Participant contributions at end of year | 2022-12-31 | $6,731 |
Participant contributions at beginning of year | 2022-12-31 | $12,200 |
Assets. Other investments not covered elsewhere at end of year | 2022-12-31 | $2,070,915 |
Assets. Other investments not covered elsewhere at beginning of year | 2022-12-31 | $4,184,256 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $2,667,543 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $18,952 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-12-31 | $20,824 |
Other income not declared elsewhere | 2022-12-31 | $-1,407,933 |
Administrative expenses (other) incurred | 2022-12-31 | $232,671 |
Total non interest bearing cash at end of year | 2022-12-31 | $15 |
Total non interest bearing cash at beginning of year | 2022-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-92,185,337 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $290,517,623 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $449,881,370 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $45,013,997 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $85,518,297 |
Interest on participant loans | 2022-12-31 | $143,483 |
Value of interest in common/collective trusts at end of year | 2022-12-31 | $240,299,153 |
Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $356,256,581 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-17,513,544 |
Net investment gain or loss from common/collective trusts | 2022-12-31 | $-48,511,505 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $4,816,246 |
Employer contributions (assets) at end of year | 2022-12-31 | $206,860 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $187,689 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $42,063,646 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | MILLER, COOPER & COMPANY, LTD |
Accountancy firm EIN | 2022-12-31 | 362897372 |
2021 : FOLLETT RETIREMENT SAVINGS PLAN 2021 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
Total transfer of assets from this plan | 2021-12-31 | $165,879,528 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $20,824 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $45,383 |
Total income from all sources (including contributions) | 2021-12-31 | $105,135,481 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $62,612,855 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $62,272,808 |
Expenses. Certain deemed distributions of participant loans | 2021-12-31 | $17,193 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $25,638,148 |
Value of total assets at end of year | 2021-12-31 | $449,902,194 |
Value of total assets at beginning of year | 2021-12-31 | $573,283,655 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $322,854 |
Total interest from all sources | 2021-12-31 | $369,482 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $6,494,934 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $6,494,934 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $16,050,051 |
Participant contributions at end of year | 2021-12-31 | $3,743,171 |
Participant contributions at beginning of year | 2021-12-31 | $7,092,449 |
Participant contributions at end of year | 2021-12-31 | $12,200 |
Participant contributions at beginning of year | 2021-12-31 | $6,047 |
Assets. Other investments not covered elsewhere at end of year | 2021-12-31 | $4,184,256 |
Assets. Other investments not covered elsewhere at beginning of year | 2021-12-31 | $8,239,884 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $820,860 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-12-31 | $20,824 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-12-31 | $45,383 |
Other income not declared elsewhere | 2021-12-31 | $1,037,205 |
Administrative expenses (other) incurred | 2021-12-31 | $322,671 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $42,522,626 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $449,881,370 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $573,238,272 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Investment advisory and management fees | 2021-12-31 | $183 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $85,518,297 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $518,458,274 |
Interest on participant loans | 2021-12-31 | $369,482 |
Value of interest in common/collective trusts at end of year | 2021-12-31 | $356,256,581 |
Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $39,260,717 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $23,846,295 |
Net investment gain or loss from common/collective trusts | 2021-12-31 | $47,749,417 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Contributions received in cash from employer | 2021-12-31 | $8,767,237 |
Employer contributions (assets) at end of year | 2021-12-31 | $187,689 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $226,284 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $62,272,808 |
Did the plan have assets held for investment | 2021-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | MILLER, COOPER & COMPANY, LTD |
Accountancy firm EIN | 2021-12-31 | 362897372 |