What are the fees in the Aspira, Inc. of Illinois 403(b) plan?

For plan year 2022, Aspira, Inc. of Illinois reported $21,938 in plan administrative expenses, or 1.07% of average plan assets — higher than ~75% of peers. Fund-level expense ratios are not included in public filings.

How much does Aspira, Inc. of Illinois contribute to its 403(b)?

In 2022, employer contributions to the Aspira, Inc. of Illinois plan averaged $162 per active participant, below the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Aspira, Inc. of Illinois 401(k)?

The average participant account balance was $20,097 for plan year 2022, based on 96 accounts.

Aspira, Inc. of Illinois403(b)

Name: Aspira, Inc. of Illinois 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

ASPIRA INC OF ILLINOIS 403B RETIREMENT PLAN · CHICAGO, IL · plan year 2022

Reported admin expense ratio · 2022

1.07%

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

Aspira, Inc. of Illinois reported $21,938 in plan administrative expenses for 2022: 1.07% of average plan assets, higher than ~75% of peers. Employer contributions averaged $162 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Illinois (3,375th of 3,702), and 2,868th of 3,091 in educational services. In 2022, employees put in $1.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,929,321
Participants with balances96
Active participants110
Employer contributions$17,815
Employee contributions$28,400
Employer contribution per active participant$162
Average account balance$20,097
Benefits paid to participants$491,491
Plan auditDisclaimer of opinion
AuditorCJBS, LLC

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$15,043

Investment management$6,895

Total administrative$21,938

Employer contributions to the Aspira, Inc. of Illinois plan · 2022

Employer contribution per active participant$162

Median for plans this size$1,114

Aspira, Inc. of Illinois's 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom 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.

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$21,938 · 1.07%

All plans at this employer2

ASPIRA INC OF ILLINOIS 403B RETIREMENT PLAN403(b)

ASPIRA, INC. OF ILLINOIS 401(K) RETIREMENT PLAN401(k)

Same employer

Aspira, Inc. of Illinois's health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 362666800 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.