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SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 401k Plan overview

Plan NameSCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN
Plan identification number 003

SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SCHOLASTIC CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:SCHOLASTIC CORPORATION
Employer identification number (EIN):133385513
NAIC Classification:511130
NAIC Description:Book Publishers

Additional information about SCHOLASTIC CORPORATION

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2105133

More information about SCHOLASTIC CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032018-01-01GIL A. DICKOFF
0032017-01-01GIL A. DICKOFF
0032016-01-01GIL A. DICKOFF
0032015-01-01GIL DICKOFF
0032014-01-01GIL DICKOFF
0032013-01-01PEGGY CHRISTOFFERSON
0032012-01-01PEGGY CHRISTOFFERSON
0032011-01-01LUCINDA J. DURNING
0032009-01-01CYNTHIA AUGUSTINE

Plan Statistics for SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN

401k plan membership statisitcs for SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN

Measure Date Value
2018: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-011,859
Total number of active participants reported on line 7a of the Form 55002018-01-010
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-010
2017: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-014,451
Total number of active participants reported on line 7a of the Form 55002017-01-01106
Number of retired or separated participants receiving benefits2017-01-011,094
Number of other retired or separated participants entitled to future benefits2017-01-01503
Total of all active and inactive participants2017-01-011,703
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-01156
Total participants2017-01-011,859
2016: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2016 401k membership
Market value of plan assets2016-12-31132,672,176
Acturial value of plan assets2016-12-31137,951,247
Funding target for retired participants and beneficiaries receiving payment2016-12-3157,037,124
Number of terminated vested participants2016-12-311,202
Fundng target for terminated vested participants2016-12-3117,363,265
Active participant vested funding target2016-12-3130,311,837
Number of active participants2016-12-312,260
Total funding liabilities for active participants2016-12-3130,354,425
Total participant count2016-12-314,699
Total funding target for all participants2016-12-31104,754,814
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-318,496,823
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-318,496,823
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-318,384,665
Total employer contributions2016-12-310
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-311,500,000
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-014,693
Total number of active participants reported on line 7a of the Form 55002016-01-012,097
Number of retired or separated participants receiving benefits2016-01-011,105
Number of other retired or separated participants entitled to future benefits2016-01-011,097
Total of all active and inactive participants2016-01-014,299
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-01152
Total participants2016-01-014,451
2015: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-015,012
Total number of active participants reported on line 7a of the Form 55002015-01-012,260
Number of retired or separated participants receiving benefits2015-01-011,126
Number of other retired or separated participants entitled to future benefits2015-01-011,171
Total of all active and inactive participants2015-01-014,557
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-01136
Total participants2015-01-014,693
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-011
2014: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-016,339
Total number of active participants reported on line 7a of the Form 55002014-01-012,645
Number of retired or separated participants receiving benefits2014-01-011,150
Number of other retired or separated participants entitled to future benefits2014-01-011,083
Total of all active and inactive participants2014-01-014,878
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-01134
Total participants2014-01-015,012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-016,882
Total number of active participants reported on line 7a of the Form 55002013-01-012,886
Number of retired or separated participants receiving benefits2013-01-011,146
Number of other retired or separated participants entitled to future benefits2013-01-012,183
Total of all active and inactive participants2013-01-016,215
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-01124
Total participants2013-01-016,339
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-017,093
Total number of active participants reported on line 7a of the Form 55002012-01-013,220
Number of retired or separated participants receiving benefits2012-01-011,136
Number of other retired or separated participants entitled to future benefits2012-01-012,396
Total of all active and inactive participants2012-01-016,752
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-01130
Total participants2012-01-016,882
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-018
2011: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-017,287
Total number of active participants reported on line 7a of the Form 55002011-01-013,561
Number of retired or separated participants receiving benefits2011-01-011,084
Number of other retired or separated participants entitled to future benefits2011-01-012,323
Total of all active and inactive participants2011-01-016,968
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-01125
Total participants2011-01-017,093
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0113
2009: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-018,438
Total number of active participants reported on line 7a of the Form 55002009-01-014,648
Number of retired or separated participants receiving benefits2009-01-01943
Number of other retired or separated participants entitled to future benefits2009-01-011,866
Total of all active and inactive participants2009-01-017,457
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-01108
Total participants2009-01-017,565
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-01215

Financial Data on SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN

Measure Date Value
2018 : SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-19$0
Total transfer of assets from this plan2018-12-19$3,065,310
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-19$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-19$470,192
Total income from all sources (including contributions)2018-12-19$-1,472,241
Total loss/gain on sale of assets2018-12-19$-1,521,974
Total of all expenses incurred2018-12-19$87,631,638
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-19$87,155,842
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-19$0
Value of total assets at end of year2018-12-19$0
Value of total assets at beginning of year2018-12-19$92,639,381
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-19$475,796
Total interest from all sources2018-12-19$49,733
Total dividends received (eg from common stock, registered investment company shares)2018-12-19$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-19Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2018-12-19$0
Administrative expenses professional fees incurred2018-12-19$272,630
Was this plan covered by a fidelity bond2018-12-19Yes
Value of fidelity bond cover2018-12-19$5,000,000
If this is an individual account plan, was there a blackout period2018-12-19No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-19$0
Were there any nonexempt tranactions with any party-in-interest2018-12-19No
Assets. Other investments not covered elsewhere at end of year2018-12-19$0
Assets. Other investments not covered elsewhere at beginning of year2018-12-19$264
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2018-12-19$255,184
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-19$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-19$1,452
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-19$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-19$470,192
Administrative expenses (other) incurred2018-12-19$68,783
Total non interest bearing cash at end of year2018-12-19$0
Total non interest bearing cash at beginning of year2018-12-19$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-19No
Value of net income/loss2018-12-19$-89,103,879
Value of net assets at end of year (total assets less liabilities)2018-12-19$0
Value of net assets at beginning of year (total assets less liabilities)2018-12-19$92,169,189
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-19No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-19No
Were any leases to which the plan was party in default or uncollectible2018-12-19No
Investment advisory and management fees2018-12-19$11,916
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-19$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-19$0
Value of interest in common/collective trusts at end of year2018-12-19$0
Value of interest in common/collective trusts at beginning of year2018-12-19$90,136,531
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-19$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-19$2,501,134
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-19$2,501,134
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-19$49,733
Expenses. Payments to insurance carriers foe the provision of benefits2018-12-19$84,340,050
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-19Yes
Was there a failure to transmit to the plan any participant contributions2018-12-19No
Has the plan failed to provide any benefit when due under the plan2018-12-19No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-19$2,560,608
Contract administrator fees2018-12-19$122,467
Assets. Corporate common stocks other than exployer securities at end of year2018-12-19$0
Assets. Corporate common stocks other than exployer securities at beginning of year2018-12-19$0
Liabilities. Value of benefit claims payable at end of year2018-12-19$0
Liabilities. Value of benefit claims payable at beginning of year2018-12-19$0
Did the plan have assets held for investment2018-12-19No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-19No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-19Yes
Aggregate proceeds on sale of assets2018-12-19$180,174,238
Aggregate carrying amount (costs) on sale of assets2018-12-19$181,696,212
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-19Yes
Opinion of an independent qualified public accountant for this plan2018-12-19Disclaimer
Accountancy firm name2018-12-19ERNST & YOUNG LLP
Accountancy firm EIN2018-12-19346565596
2017 : SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$470,192
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$593,583
Total income from all sources (including contributions)2017-12-31$8,494,380
Total loss/gain on sale of assets2017-12-31$277,842
Total of all expenses incurred2017-12-31$47,224,514
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$45,486,282
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$134
Value of total assets at end of year2017-12-31$92,639,381
Value of total assets at beginning of year2017-12-31$131,492,906
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$1,738,232
Total interest from all sources2017-12-31$81,443
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$253,409
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2017-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$195,989
Administrative expenses professional fees incurred2017-12-31$817,115
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$5,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Assets. Other investments not covered elsewhere at end of year2017-12-31$264
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$45
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$1,452
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$15,930
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$470,192
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$593,583
Other income not declared elsewhere2017-12-31$1,583
Administrative expenses (other) incurred2017-12-31$307,119
Total non interest bearing cash at end of year2017-12-31$0
Total non interest bearing cash at beginning of year2017-12-31$52,389
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$-38,730,134
Value of net assets at end of year (total assets less liabilities)2017-12-31$92,169,189
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$130,899,323
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$240,712
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$24,166,147
Income. Interest from corporate debt instruments2017-12-31$187
Value of interest in common/collective trusts at end of year2017-12-31$90,136,531
Value of interest in common/collective trusts at beginning of year2017-12-31$97,738,363
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$2,501,134
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$987,017
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$987,017
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$81,256
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$2,481,830
Net investment gain or loss from common/collective trusts2017-12-31$5,398,139
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31Yes
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$134
Income. Dividends from common stock2017-12-31$57,420
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$45,486,282
Contract administrator fees2017-12-31$373,286
Assets. Corporate common stocks other than exployer securities at end of year2017-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2017-12-31$8,533,015
Liabilities. Value of benefit claims payable at end of year2017-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2017-12-31$0
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Aggregate proceeds on sale of assets2017-12-31$86,394,877
Aggregate carrying amount (costs) on sale of assets2017-12-31$86,117,035
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31ERNST & YOUNG LLP
Accountancy firm EIN2017-12-31346565596
2016 : SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$1,668,938
Total unrealized appreciation/depreciation of assets2016-12-31$1,668,938
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$593,583
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$250,146
Total income from all sources (including contributions)2016-12-31$9,519,920
Total loss/gain on sale of assets2016-12-31$411,082
Total of all expenses incurred2016-12-31$11,042,628
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$9,546,971
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$0
Value of total assets at end of year2016-12-31$131,492,906
Value of total assets at beginning of year2016-12-31$132,672,177
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$1,495,657
Total interest from all sources2016-12-31$7,175
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$741,903
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$595,037
Administrative expenses professional fees incurred2016-12-31$638,490
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$5,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Assets. Other investments not covered elsewhere at end of year2016-12-31$45
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$15,930
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$16,323
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$593,583
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$250,146
Other income not declared elsewhere2016-12-31$4,474
Administrative expenses (other) incurred2016-12-31$300,352
Total non interest bearing cash at end of year2016-12-31$52,389
Total non interest bearing cash at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-1,522,708
Value of net assets at end of year (total assets less liabilities)2016-12-31$130,899,323
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$132,422,031
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$144,993
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$24,166,147
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$27,404,573
Value of interest in common/collective trusts at end of year2016-12-31$97,738,363
Value of interest in common/collective trusts at beginning of year2016-12-31$92,617,560
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$987,017
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$2,802,020
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$2,802,020
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$7,175
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$2,166,538
Net investment gain or loss from common/collective trusts2016-12-31$4,519,810
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31Yes
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Income. Dividends from common stock2016-12-31$146,866
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$9,546,971
Contract administrator fees2016-12-31$411,822
Assets. Corporate common stocks other than exployer securities at end of year2016-12-31$8,533,015
Assets. Corporate common stocks other than exployer securities at beginning of year2016-12-31$9,831,701
Liabilities. Value of benefit claims payable at end of year2016-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2016-12-31$0
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Aggregate proceeds on sale of assets2016-12-31$30,463,621
Aggregate carrying amount (costs) on sale of assets2016-12-31$30,052,539
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31ERNST & YOUNG LLP
Accountancy firm EIN2016-12-31346565596
2015 : SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$-919,686
Total unrealized appreciation/depreciation of assets2015-12-31$-919,686
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$250,146
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$1,304,966
Total income from all sources (including contributions)2015-12-31$-1,681,741
Total loss/gain on sale of assets2015-12-31$-42,906
Total of all expenses incurred2015-12-31$11,056,042
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$10,081,425
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$0
Value of total assets at end of year2015-12-31$132,672,177
Value of total assets at beginning of year2015-12-31$146,464,780
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$974,617
Total interest from all sources2015-12-31$2,900
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$866,995
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$677,138
Administrative expenses professional fees incurred2015-12-31$184,374
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$5,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$16,323
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$13,568
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$250,146
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$503,946
Administrative expenses (other) incurred2015-12-31$285,684
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-12,737,783
Value of net assets at end of year (total assets less liabilities)2015-12-31$132,422,031
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$145,159,814
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$148,320
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$27,404,573
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$27,319,320
Value of interest in common/collective trusts at end of year2015-12-31$92,617,560
Value of interest in common/collective trusts at beginning of year2015-12-31$104,661,936
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$2,802,020
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$3,740,779
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$3,740,779
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$2,900
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-544,806
Net investment gain or loss from common/collective trusts2015-12-31$-1,044,238
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31Yes
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Income. Dividends from common stock2015-12-31$189,857
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$10,081,425
Contract administrator fees2015-12-31$356,239
Assets. Corporate common stocks other than exployer securities at end of year2015-12-31$9,831,701
Assets. Corporate common stocks other than exployer securities at beginning of year2015-12-31$10,729,177
Liabilities. Value of benefit claims payable at end of year2015-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$801,020
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Aggregate proceeds on sale of assets2015-12-31$14,830,412
Aggregate carrying amount (costs) on sale of assets2015-12-31$14,873,318
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31ERNST & YOUNG LLP
Accountancy firm EIN2015-12-31346565596
2014 : SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$22,657
Total unrealized appreciation/depreciation of assets2014-12-31$22,657
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$1,304,966
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$90,457
Total income from all sources (including contributions)2014-12-31$10,958,497
Total loss/gain on sale of assets2014-12-31$-209,159
Total of all expenses incurred2014-12-31$24,084,783
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$22,450,880
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$0
Value of total assets at end of year2014-12-31$146,464,780
Value of total assets at beginning of year2014-12-31$158,376,557
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$1,633,903
Total interest from all sources2014-12-31$14,472
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$1,699,444
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$1,484,890
Administrative expenses professional fees incurred2014-12-31$634,760
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$5,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$13,568
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$161,982
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$503,946
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$90,457
Other income not declared elsewhere2014-12-31$-7,026
Administrative expenses (other) incurred2014-12-31$310,611
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-13,126,286
Value of net assets at end of year (total assets less liabilities)2014-12-31$145,159,814
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$158,286,100
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$286,642
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$27,319,320
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$93,386,532
Interest earned on other investments2014-12-31$10,003
Value of interest in common/collective trusts at end of year2014-12-31$104,661,936
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$3,740,779
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$27,348,384
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$27,348,384
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$4,469
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$4,779,410
Net investment gain or loss from common/collective trusts2014-12-31$4,658,699
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31Yes
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Income. Dividends from common stock2014-12-31$214,554
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$22,450,880
Contract administrator fees2014-12-31$401,890
Assets. Corporate common stocks other than exployer securities at end of year2014-12-31$10,729,177
Assets. Corporate common stocks other than exployer securities at beginning of year2014-12-31$37,479,659
Liabilities. Value of benefit claims payable at end of year2014-12-31$801,020
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Aggregate proceeds on sale of assets2014-12-31$332,468,921
Aggregate carrying amount (costs) on sale of assets2014-12-31$332,678,080
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31ERNST & YOUNG LLP
Accountancy firm EIN2014-12-31346565596
2013 : SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$10,703,450
Total unrealized appreciation/depreciation of assets2013-12-31$10,703,450
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$90,457
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$380,520
Total income from all sources (including contributions)2013-12-31$32,744,100
Total loss/gain on sale of assets2013-12-31$1,102,551
Total of all expenses incurred2013-12-31$13,053,180
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$11,781,004
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$4,076,078
Value of total assets at end of year2013-12-31$158,376,557
Value of total assets at beginning of year2013-12-31$138,975,700
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$1,272,176
Total interest from all sources2013-12-31$1,155
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$3,605,422
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$3,251,743
Administrative expenses professional fees incurred2013-12-31$226,328
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$5,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$161,982
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$139,608
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$90,457
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$380,520
Other income not declared elsewhere2013-12-31$5,597
Administrative expenses (other) incurred2013-12-31$354,897
Total non interest bearing cash at beginning of year2013-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$19,690,920
Value of net assets at end of year (total assets less liabilities)2013-12-31$158,286,100
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$138,595,180
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$376,167
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$93,386,532
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$106,835,685
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$27,348,384
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$3,497,025
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$3,497,025
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$1,155
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$13,249,847
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31Yes
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$4,076,078
Employer contributions (assets) at beginning of year2013-12-31$1,678,238
Income. Dividends from common stock2013-12-31$353,679
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$11,781,004
Contract administrator fees2013-12-31$314,784
Assets. Corporate common stocks other than exployer securities at end of year2013-12-31$37,479,659
Assets. Corporate common stocks other than exployer securities at beginning of year2013-12-31$26,825,144
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$47,956,601
Aggregate carrying amount (costs) on sale of assets2013-12-31$46,854,050
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31ERNST & YOUNG LLP
Accountancy firm EIN2013-12-31346565596
2012 : SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2012 401k financial data
Unrealized appreciation/depreciation of real estate assets2012-12-31$3,212,717
Total unrealized appreciation/depreciation of assets2012-12-31$3,212,717
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$380,520
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$218,134
Total income from all sources (including contributions)2012-12-31$25,874,332
Total loss/gain on sale of assets2012-12-31$919,298
Total of all expenses incurred2012-12-31$9,792,681
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$8,602,306
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$7,072,100
Value of total assets at end of year2012-12-31$138,975,700
Value of total assets at beginning of year2012-12-31$122,731,663
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$1,190,375
Total interest from all sources2012-12-31$2,179
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$3,887,536
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$132,304
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$15,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$139,608
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$34,049
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$380,520
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$218,134
Other income not declared elsewhere2012-12-31$79,336
Administrative expenses (other) incurred2012-12-31$425,195
Total non interest bearing cash at end of year2012-12-31$0
Total non interest bearing cash at beginning of year2012-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$16,081,651
Value of net assets at end of year (total assets less liabilities)2012-12-31$138,595,180
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$122,513,529
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$632,876
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$106,835,685
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$90,759,655
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$3,497,025
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$3,139,409
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$3,139,409
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$2,179
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$10,701,166
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$7,072,100
Employer contributions (assets) at end of year2012-12-31$1,678,238
Employer contributions (assets) at beginning of year2012-12-31$8,233,933
Income. Dividends from common stock2012-12-31$3,887,536
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$8,602,306
Assets. Corporate common stocks other than exployer securities at end of year2012-12-31$26,825,144
Assets. Corporate common stocks other than exployer securities at beginning of year2012-12-31$20,564,617
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$31,638,461
Aggregate carrying amount (costs) on sale of assets2012-12-31$30,719,163
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31ERNST & YOUNG LLP
Accountancy firm EIN2012-12-31346565596
2011 : SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-753,669
Total unrealized appreciation/depreciation of assets2011-12-31$-753,669
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$218,134
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$162,614
Total income from all sources (including contributions)2011-12-31$15,986,722
Total loss/gain on sale of assets2011-12-31$202,844
Total of all expenses incurred2011-12-31$8,989,837
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$7,920,791
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$13,121,917
Value of total assets at end of year2011-12-31$122,731,663
Value of total assets at beginning of year2011-12-31$115,679,258
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$1,069,046
Total interest from all sources2011-12-31$1,439
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$3,107,803
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$2,845,956
Administrative expenses professional fees incurred2011-12-31$352,248
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$15,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$34,049
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$136,722
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$218,134
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$162,614
Other income not declared elsewhere2011-12-31$126,597
Administrative expenses (other) incurred2011-12-31$446,188
Total non interest bearing cash at end of year2011-12-31$0
Total non interest bearing cash at beginning of year2011-12-31$8,660
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$6,996,885
Value of net assets at end of year (total assets less liabilities)2011-12-31$122,513,529
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$115,516,644
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$270,610
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$90,759,655
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$92,815,276
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$3,139,409
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$2,730,154
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$2,730,154
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$1,439
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$179,791
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$13,121,917
Employer contributions (assets) at end of year2011-12-31$8,233,933
Employer contributions (assets) at beginning of year2011-12-31$0
Income. Dividends from common stock2011-12-31$261,847
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$7,920,791
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$20,564,617
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$19,988,446
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$5,216,489
Aggregate carrying amount (costs) on sale of assets2011-12-31$5,013,645
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31ERNST & YOUNG LLP
Accountancy firm EIN2011-12-31346565596
2010 : SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$4,740,200
Total unrealized appreciation/depreciation of assets2010-12-31$4,740,200
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$162,614
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$198,374
Total income from all sources (including contributions)2010-12-31$24,596,259
Total loss/gain on sale of assets2010-12-31$292,105
Total of all expenses incurred2010-12-31$9,619,424
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$8,066,612
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$8,342,006
Value of total assets at end of year2010-12-31$115,679,258
Value of total assets at beginning of year2010-12-31$100,738,183
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$1,552,812
Total interest from all sources2010-12-31$1,970
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$3,089,798
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$2,815,138
Administrative expenses professional fees incurred2010-12-31$244,446
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$15,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$136,722
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$16,044
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$162,614
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$151,026
Other income not declared elsewhere2010-12-31$489
Administrative expenses (other) incurred2010-12-31$957,030
Liabilities. Value of operating payables at beginning of year2010-12-31$47,348
Total non interest bearing cash at end of year2010-12-31$8,660
Total non interest bearing cash at beginning of year2010-12-31$152,905
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$14,976,835
Value of net assets at end of year (total assets less liabilities)2010-12-31$115,516,644
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$100,539,809
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$351,336
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$92,815,276
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$82,899,135
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$2,730,154
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$999,423
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$999,423
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$1,970
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$8,129,691
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$8,342,006
Employer contributions (assets) at end of year2010-12-31$0
Employer contributions (assets) at beginning of year2010-12-31$2,019,762
Income. Dividends from common stock2010-12-31$274,660
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$8,066,612
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$19,988,446
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$14,650,914
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$2,080,027
Aggregate carrying amount (costs) on sale of assets2010-12-31$1,787,922
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31ERNST & YOUNG LLP
Accountancy firm EIN2010-12-31346565596
2009 : SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN

2018: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingYes
2018-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2018-01-01Plan is a collectively bargained planYes
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: SCHOLASTIC CORPORATION CASH BALANCE RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberTFO 45182
Policy instance 1
Insurance contract or identification numberTFO 45182
Number of Individuals Covered1743
Insurance policy start date2018-01-01
Insurance policy end date2018-12-19
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?Yes
Contract purchased, in whole or in part, to distribute benefits from a terminating planYes
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Other information about contractPENSION RISK TRANSFER GROUP ANNUITY
MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )
Policy contract number201850
Policy instance 2
Insurance contract or identification number201850
Number of Individuals Covered40
Insurance policy start date2018-01-01
Insurance policy end date2018-12-19
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?Yes
Contract purchased, in whole or in part, to distribute benefits from a terminating planYes
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Other information about contractGROUP ANNUITY CONTRACT

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