Plan Ledger DOL Form 5500 · updated monthly

Central States, Se & Sw Areas Health & Pension Funds401(k)

CENTRAL STATES 401(K) RETIREMENT SAVINGS PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Central States, Se & Sw Areas Health & Pension Funds reported $24,109 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,724 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 0.04% to 0.02%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 427th-largest of 3,702 plans among Illinois employers on file, and the 776th of 4,798 in finance & insurance. In 2024, employees put in $2.47 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$140,194,672
Participants with balances877
Active participants730
Employer contributions$2,718,715
Employee contributions$6,715,474
Employer contribution per active participant$3,724
Average account balance$159,857
Benefits paid to participants$9,160,663
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH+BROWN,PC
Plan history3
Yearassets · accounts · employer contribution
2024$140.2M · 877 accts · $2.7M emplr
2023$122.2M · 856 accts · $2.5M emplr
2022$99.0M · 833 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,818
Investment management$16,291
Total administrative$24,109
The Central States, Se & Sw Areas Health & Pension Funds 401(k) match · 2024
Employer contribution per active participant$3,724
Median for plans this size$3,635
2024$3,724 per active participant
2023$3,592 per active participant
2022$3,509 per active participant

Central States, Se & Sw Areas Health & Pension Funds's 2024 employer contribution ran above the $3,635 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
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$24,109
CHARLES SCHWAB & CO.,INC · Securities brokerage$651
CHARLES SCHWAB TRUST BANK · Trustee (directed)indirect comp

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$24,109 · 0.02%
2023$44,360 · 0.04%
2022$41,120 · 0.04%
Same employer
Similar plansFinance & Insurance · Illinois
The Chartis Group, LLC IL$158.5M · 0.07%
Optiver Services US LLC IL$153.6M · 0.02%
Enova International, Inc. IL$143.8M · 0.23%
Alliant Credit Union IL$137.2M · 0.05%
Midland States Bank IL$135.6M · 0.10%
Alter Domus Inc. IL$120.7M · 0.16%
Old Second Bancorp, Inc. IL$120.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362154936 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.