Penn Foster, Inc. 401(k) Plan: Login, Facts & Contact Information
Penn Foster, Inc. 401(k) Login
468 former Penn Foster, Inc. employees still have money in this plan.
Retirement plan providers can change. This information is from the plan's 2023 filing.
Penn Foster, Inc. 401(k) Plan Facts
Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 9, 2024. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2023
- $3.85 million went into the plan in contributions, $938,818 of it from the employer (24%).
- $4.78 million was paid out to participants.
- Investment and other income added $7.29 million.
- Administrative expenses were $137,971, about $138 per account.
How the Penn Foster, Inc. 401(k) changed, 2018–2023
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2018 | 741 | $25.0 million | $445,999 | $2.34 million |
| 2019 | 762 | $30.0 million | $497,663 | $2.77 million |
| 2020 | 845 | $35.1 million | $713,014 | $2.33 million |
| 2021 | 812 | $44.1 million | $765,030 | $4.64 million |
| 2022 | 1,101 | $35.7 million | $740,339 | $3.77 million |
| 2023 | 1,194 | $48.8 million | $938,818 | $4.78 million |
Penn Foster, Inc. 401(k) Contact Information
Questions about the Penn Foster, Inc. 401(k)
Does Penn Foster, Inc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $938,818, 24% of all contributions.
Does the Penn Foster, Inc 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Penn Foster, Inc 401(k) plan?
1,194 participants at the start of plan year 2023, 866 of them active employees, and 468 former employees who still had money in the plan.
What is the average 401(k) balance at Penn Foster, Inc?
About $48,669 per account: $48.8 million in plan assets across 1,003 accounts with a balance at the end of plan year 2023.
Who manages the Penn Foster, Inc 401(k) accounts?
USI Consulting Group is the plan's recordkeeper, which is where participants log in to see their balance.
I no longer work at Penn Foster, Inc. How do I access my 401(k)?
Your account stays with USI Consulting Group after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.