401(k) · DOL Form 5500 · 2023
Follett Higher Education Group, LLC 401(k) Plan
Data updated 2026-08-25
- $321M
- Total assets Above avg plan size
- 5,572
- Participants Above avg headcount
- 96th
- Percentile by assets National rank
- $57,655
- Avg per participant Low balance/head
Official DOL plan name: Follett Retirement Savings Plan · Sponsored by Follett Higher Education Group, LLC · Illinois · Wholesale Trade
$321M in assets, 5,572 participants
Follett Higher Education Group, LLC's Follett Retirement Savings Plan reported $321M in total assets and 5,572 participants in its 2023 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #6,149 in Wholesale Trade (6,309 peers)
Coverage in Illinois
Follett Retirement Savings Plan covers 5,572 participants in Illinois, 7.1x the typical Illinois plan (state average ~779 per filing). Assets: $321M.
- #6,149
- in Wholesale Trade (6,309 peers)
- +10.6%
- assets growth YoY
- 3.2×
- vs typical plan assets (national mean)
Follett Retirement Savings Plan's outsized position by total assets
Follett Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$321,254,754 Top 4% higher than 96% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Follett Retirement Savings Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Follett Retirement Savings Plan lands in the large band (5,572 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Follett Retirement Savings Plan reported net income rose from -$92M in the plan year 2022 filing to $31M in the plan year 2023 filing.
- Follett Retirement Savings Plan reported participants fell from 8,694 in the plan year 2022 filing to 5,572 in the plan year 2023 filing.
- Follett Retirement Savings Plan end-of-year assets rose from $291M in the plan year 2022 filing to $321M in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 362593135 · Follett Higher Education Group, LLC PY 2023 · 401(k)
Follett Retirement Savings Plan · $321M · 5,572 · 96th
- PCT $321M
- PCT 5,572
- PCT 96th
- PCT 401(k)
- PCT near Nbt Bancorp Inc. 401(k) & Employee Stock Ownership Plan
- PCT ind #6149
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Wholesale Trade retirement plans → · Plans in Illinois →
Follett Retirement Savings Plan in the asset neighbourhood
Illinois filing particulars
| Total Assets (Beginning of Year) | $291M |
|---|---|
| Net Assets (End of Year) | $321M |
| Net Income | $31M |
| Employer EIN | 362593135 |
| Plan Effective Date | 1985-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Follett Higher Education Group, LLC)
Sponsor-wide plan assets over time
All Follett Higher Education Group, LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $335M 15.433826532855633% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 8,694 | $291M |
| 2023 | 1 | 5,572 | $321M |
| 2024 | 1 | 5,403 | $335M |
Nearby 401(k) Plans in Illinois
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Accenture United States 401(k) Match Savings Plan $17.6B · 69,974
- State Farm 401(k) Savings Plan $16.9B · 60,246
- Abbott Laboratories Stock Retirement Plan $14.5B · 38,012
- United Airlines Pilot Retirement Account Plan $14.4B · 14,959
- Walgreens Retirement Savings Plan $13.4B · 235,331
Scale composition for Follett Retirement Savings Plan
Follett Retirement Savings Plan reports $321M in end-of-year assets across 5,572 participants (0.003% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $57,655 per participant (42% of the national average assets-per-participant) . Net income for plan year 2023 was $31M.
This plan identity (EIN 362593135, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $291M to $335M (+15.4%) while covered participants moved from 8,694 to 5,403 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 8,694 | $291M | Open filing |
| 2023 | 5,572 | $321M | This page |
| 2024 · index core | 5,403 | $335M | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Follett Retirement Savings Plan (401(k), $335M, 5,403 participants)
Follett Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Illinois, the nearest 401(k) by assets is Nbt Bancorp Inc. 401(k) & Employee Stock Ownership Plan in NY ($322M); by covered participants it is Chenmed, LLC 401(k) Plan in FL (5,566 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($321M here).
- Nbt Bancorp Inc. 401(k) & Employee Stock Ownership Plan (NY) $322M · 1,838
- Nestle USA, Inc. Hourly Retirement Savings Plan (OH) $321M · 3,823
- Crowdstrike, Inc. Retirement Trust (CA) $321M · 4,458
- Utica Mutual Insurance Company Employee Profit Sharing and Investment Plan (NY) $321M · 1,329
Similar participant headcount
Nearest other-state filings by covered participants (5,572 participants); asset peers above are excluded.
- Chenmed, LLC 401(k) Plan (FL) 5,566 · 6 off
- Pea(K) Utah's Pooled Employer 401(k) Plan (UT) 5,562 · 10 off
- Mutual of Omaha 401(k) Retirement Savings Plan (NE) 5,584 · 12 off
- Electrolux Home Products, Inc. Thrift Plan (NC) 5,560 · 12 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.