Plan Ledger DOL Form 5500 · updated monthly

Big Blue Swim School Holdco401(k)

BIG BLUE SWIM SCHOOL 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
2.47%

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

Big Blue Swim School Holdco reported $38,303 in plan administrative expenses for 2024: 2.47% of average plan assets, higher than ~90% of peers. Employer contributions averaged $888 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 2.61% to 2.47%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Illinois (3,379th of 3,702), and 2,871st of 3,091 in educational services. In 2024, employees put in $1.97 for every $1.00 the employer contributed; active participation has grown from 140 to 332 since 2022.

Plan summary
Net assets, end of year$1,897,059
Participants with balances319
Active participants332
Employer contributions$294,695
Employee contributions$580,491
Employer contribution per active participant$888
Average account balance$5,947
Benefits paid to participants$426,666
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.9M · 319 accts · $295K emplr
2023$1.2M · 170 accts · $110K emplr
2022$623K · 266 accts · $107K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,283
Investment management$1,510
Total administrative$38,303
The Big Blue Swim School Holdco 401(k) match · 2024
Employer contribution per active participant$888
Median for plans this size$1,313
2024$888 per active participant
2023$718 per active participant
2022$767 per active participant

Big Blue Swim School Holdco'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$35,282

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$38,303 · 2.47%
2023$16,661 · 1.82%
2022$14,064 · 2.61%
Similar plansEducational Services · Illinois
Keshet IL$2.2M · 1.10%
Edblox, Inc. IL$2.1M · 0.10%
Aspira, Inc. of Illinois IL$1.9M · 1.07%
Rce, International IL$1.8M · 1.00%
Schoolkidz.com, LLC IL$1.3M · 1.68%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 371903582 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.