401(k) · DOL Form 5500 · 2023
Follett Higher Education Group, LLC 401(k) Plan
Data updated 2026-08-11
- $321M
- Total assets
- 5,572
- Participants
- 96th
- Percentile by assets
- $57,655
- Avg per participant
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.
- 96th percentile by assets (of 127,072 plans)
- #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.
- $321M
- total plan assets (2023 EOY)
- 5,572
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $57,655
- avg assets per participant
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.
Participants vs Illinois filers
In Illinois, the average filing covers about 779 participants across 5,745 plans. Follett Retirement Savings Plan reports 5,572 participants - 7.1x that state average ($321M EOY assets).
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)
| 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.
Follett Retirement Savings Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
- 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Follett Retirement Savings Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Follett Retirement Savings Plan assets move in 2023? ▼
How have Follett Higher Education Group, LLC plan assets changed over time? ▼
Where does Follett Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Follett Retirement Savings Plan? ▼
Next read for Follett Retirement Savings Plan
Filing takeaways
Ways to act on Follett Retirement Savings Plan's numbers.
- By total assets, Follett Retirement Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Illinois. Compare plans
- Follett Higher Education Group, LLC's sponsor-wide assets have grown 15.4% since 2022 across 3 plan years on file. More Wholesale Trade plans