How big is Bestprep's plan?

Bestprep's plan reported $112K in assets and 32 participants for 2024.

Original filing (PDF)20251002085220NAL0000160243001

Bestprep

Name: Bestprep — Bestprep 401(k) Plan, Form 5500 (2024)
Creator: Bestprep
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

Bestprep 401(k) Plan

401(k) retirement plan · Bestprep's Bestprep 401(k) Plan held $112K in plan assets for 32 participants in 2024.

Active participants

Accounts w/ balance

Plan assets (EOY)

$112K

Net assets (EOY)

$96K

People on this filing

John R. Schulte signed Bestprep's 2024 Form 5500 as plan administrator.

John R. Schulte — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Bestprep's EIN is 41-1265355.

EIN 41-1265355

Plan number 001

Plan year 2024

ACK ID 20251002085220NAL0000160243001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Bestprep from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Bestprep's plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, automatic enrollment, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for BESTPREP.

Finding similar companies…

Plan health score

Above-average plan

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 70% of scoring inputs for this filing.

Compliance & integrity

100

Total plan cost

n/a

Plan health

Vendor & structure

100

Helping the score

Cost not scored — no comparable Schedule H expense data for this cohort.

Plan sponsor

Name

BESTPREP

EIN

all filings

Address

7100 NORTHLAND CIRCLE N. #306 · MINNEAPOLIS, MN · 55428

Phone

(763) 398-0090

Industry

Educational Services

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-02

Pension benefit codes

2A · Age/service weighted or new comparability

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2S · Automatic enrollment

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

Service providers (Schedule C)

Small plans don't disclose service providers

Related plans

Similar-size Educational Services plans

Hunter Classical Christian School

Hunter Classical Christian School 403(b) Plan

$112K · 28 participants

Lumos Language School, Inc.

Lumos Language School 401(k) Plan

$112K · 205 participants

Iurban TEEN

Iurban TEEN 401(k) Plan

$112K · 8 participants

GIVE Every Child a Chance

GIVE Every Child a Chance 401(k) Profit Sharing Plan

$112K · 16 participants

Victorious B.I.G. LLC

Victorious B.I.G. LLC 401(k) Plan

$112K · 6 participants

Researching more plans? Run a look up another company's Form 5500 by company name, EIN, or plan name.