Plan Ledger DOL Form 5500 · updated monthly

Aspire of Illinois403(b)

ASPIRE OF ILLINOIS 403(B) PLAN · HILLSIDE, IL · plan year 2024

Reported admin expense ratio · 2024
0.85%

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

Aspire of Illinois reported $51,830 in plan administrative expenses for 2024: 0.85% of average plan assets, higher than ~75% of peers. Employer contributions averaged $800 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 rose from 0.41% to 0.85%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Illinois (2,788th of 3,702), and 7,138th of 11,911 in health care & social assistance. In 2024, employees put in $2.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,427,203
Participants with balances364
Active participants260
Employer contributions$208,066
Employee contributions$611,481
Employer contribution per active participant$800
Average account balance$17,657
Benefits paid to participants$874,098
Plan auditUnmodified (clean) audit opinion
AuditorMILLER COOPER & CO LTD
Plan history2
Yearassets · accounts · employer contribution
2024$6.4M · 364 accts · $208K emplr
2022$5.0M · 99 accts · $90K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,241
Investment management$15,589
Total administrative$51,830
Employer contributions to the Aspire of Illinois plan · 2024
Employer contribution per active participant$800
Median for plans this size$1,313
2024$800 per active participant
2022$434 per active participant

Aspire of Illinois's 2024 employer contribution ran below the $1,313 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 · 20243
LINCOLN NATIONAL CORPORATION · Contract administrator$36,241
WINTRUST INVESTMENTS LLC · Investment advisory (plan)$7,969
ONEDIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$7,620

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

Administrative cost history2
2024$51,830 · 0.85%
2022$22,925 · 0.41%
Same employer
Similar plansHealth Care & Social Assistance · Illinois
Independence Plus, Inc. IL$6.6M · 0.95%
Suburban Access, Inc. IL$6.6M · 0.02%
Nocd, Inc. IL$6.5M · 0.52%
Carle Health IL$6.4M · 0.08%
King-Bruwaert House IL$6.4M · 0.10%
North Shore Senior Center IL$6.4M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362654558 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.