Plan Ledger DOL Form 5500 · updated monthly

Empowering People Inspiring CapabilitiesDC plan

403(B) THRIFT PLAN FOR EMPLOYEES OF EP!C · PEORIA, IL · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Empowering People Inspiring Capabilities reported $26,975 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. Employer contributions averaged $1,104 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 0.02% to 0.64%. 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 (2,996th of 3,702), and 8,122nd of 11,911 in health care & social assistance. In 2024, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,645,978
Participants with balances177
Active participants247
Employer contributions$272,715
Employee contributions$415,075
Employer contribution per active participant$1,104
Average account balance$26,248
Benefits paid to participants$309,382
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 177 accts · $273K emplr
2023$3.8M · 181 accts · $156K emplr
2022$3.0M · 130 accts · $45K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,173
Trustee / custodial$802
Total administrative$26,975
Employer contributions to the Empowering People Inspiring Capabilities plan · 2024
Employer contribution per active participant$1,104
Median for plans this size$1,313
2024$1,104 per active participant
2023$695 per active participant
2022$171 per active participant

Empowering People Inspiring Capabilities'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 · 20242
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$28,072
MUTUAL OF AMERICA LIFE INSURANCE CO · Claims processing · Recordkeeping$64

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

Recordkeeper by year2
2024Mutual of America, Newport (Ascensus)
2023Mutual of America

This plan has changed recordkeepers within these filings. If you left Empowering People Inspiring Capabilities before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$26,975 · 0.64%
2023$3,653 · 0.11%
2022$515 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · Illinois
Individual Advocacy Group IL$4.8M · 0.60%
Illuminate Healthcare IL$4.8M · 0.86%
Bridgeway, Inc. IL$4.6M · 1.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 370794792 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.