Plan Ledger DOL Form 5500 · updated monthly

Classic Residence Mgt LP dba VI401(k)

VI RETIREMENT PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Classic Residence Mgt LP dba VI reported $220,278 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $1,865 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 0.16% to 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 390th-largest of 3,702 plans among Illinois employers on file, and the 747th of 11,911 in health care & social assistance. In 2024, employees put in $1.89 for every $1.00 the employer contributed; active participation has grown from 2,700 to 3,086 since 2022.

Plan summary
Net assets, end of year$161,925,191
Participants with balances2,240
Active participants3,086
Employer contributions$5,754,487
Employee contributions$10,891,672
Employer contribution per active participant$1,865
Average account balance$72,288
Benefits paid to participants$15,434,774
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$161.9M · 2,240 accts · $5.8M emplr
2023$140.7M · 2,145 accts · $5.3M emplr
2022$118.4M · 2,044 accts · $5.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$185,302
Investment management$34,976
Total administrative$220,278
The Classic Residence Mgt LP dba VI 401(k) match · 2024
Employer contribution per active participant$1,865
Median for plans this size$3,635
2024$1,865 per active participant
2023$1,812 per active participant
2022$1,884 per active participant

Classic Residence Mgt LP dba VI's 2024 employer contribution ran below the $3,635 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

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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$209,226
CAPFINANCIAL PARTNERS, L · Investment advisory (plan)$35,000

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$220,278 · 0.15%
2023$193,607 · 0.15%
2022$209,888 · 0.16%
Same employer
Similar plansHealth Care & Social Assistance · Illinois
Riverside Healthcare IL$195.8M · 0.08%
Sinai Health System IL$165.2M · 0.33%
Freeport Health Network IL$158.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363558465 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.