Plan Ledger DOL Form 5500 · updated monthly

Adler University403(b)

ADLER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.30%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Adler University reported $90,835 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,526 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.38% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 1,278th-largest of 3,702 plans among Illinois employers on file, and the 1,258th of 3,091 in educational services. In 2024, employees put in $1.86 for every $1.00 the employer contributed; active participation has grown from 202 to 232 since 2022.

Plan summary
Net assets, end of year$31,308,687
Participants with balances267
Active participants232
Employer contributions$586,111
Employee contributions$1,087,334
Employer contribution per active participant$2,526
Average account balance$117,261
Benefits paid to participants$2,162,396
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.3M · 267 accts · $586K emplr
2023$28.3M · 217 accts · $924K emplr
2022$24.6M · 298 accts · $917K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,648
Investment management$51,187
Total administrative$90,835
Employer contributions to the Adler University plan · 2024
Employer contribution per active participant$2,526
Median for plans this size$2,416
2024$2,526 per active participant
2023$4,861 per active participant
2022$4,540 per active participant

Adler University's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
COMMONWEALTH EQUITY SERVICES LLC DB · Investment advisory (plan)$51,187

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$90,835 · 0.30%
2023$71,360 · 0.27%
2022$103,936 · 0.38%
Same employer
Similar plansEducational Services · Illinois
Rockford University IL$37.4M · 0.00%
Trinity Christian College IL$36.0M · 0.31%
Greenville University IL$31.7M · 0.27%
Keypath Education, LLC IL$30.6M · 0.37%
Riverside Assessments, LLC IL$30.5M · 0.20%
Lewis University IL$26.8M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362515281 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.