Plan Ledger DOL Form 5500 · updated monthly

Agency for Community Transit403(b)

AGENCY FOR COMMUNITY TRANSIT 403B RETIREMENT PLAN · PONTOON BEACH, IL · plan year 2024

Employer contribution per participant · 2024
$5,370

Agency for Community Transit's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $18,388,106 across 140 participant accounts, with employer contributions averaging $5,370 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio rose from 0.01% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,772nd-largest of 3,702 plans among Illinois employers on file, and the 789th of 2,677 in transportation & warehousing. In 2024, the employer put in $1.24 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$18,388,106
Participants with balances140
Active participants129
Employer contributions$692,741
Employee contributions$560,861
Employer contribution per active participant$5,370
Average account balance$131,344
Benefits paid to participants$1,572,722
Plan auditUnmodified (clean) audit opinion
AuditorECK SCHAFER & PUNKE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$18.4M · 140 accts · $693K emplr
2023$16.5M · 132 accts · $613K emplr
2022$13.5M · 131 accts · $582K emplr
Employer contributions to the Agency for Community Transit plan · 2024
Employer contribution per active participant$5,370
Median for plans this size$2,416
2024$5,370 per active participant
2023$4,866 per active participant
2022$4,846 per active participant

Agency for Community Transit's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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.

Administrative cost history3
2024Not separately reported
2023$3,780 · 0.03%
2022$2,254 · 0.01%
Similar plansTransportation & Warehousing · Illinois
Fidelitone, LLC IL$19.6M · 0.66%
Mid America Overseas Inc IL$19.1M · 0.02%
Interlake Mecalux Inc IL$17.9M · 0.39%
Footprint Acquisition LLC IL$17.0M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371169404 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.