Plan Ledger DOL Form 5500 · updated monthly

Erie Family Health Center401(k)

ERIE FAMILY HEALTH CENTER 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Erie Family Health Center reported $197,396 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,076 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 3 years on file its reported administrative ratio has held roughly steady near 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,062nd-largest of 3,702 plans among Illinois employers on file, and the 524th of 3,341 in other services. In 2024, employees put in $3.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$41,588,612
Participants with balances686
Active participants808
Employer contributions$869,777
Employee contributions$3,071,581
Employer contribution per active participant$1,076
Average account balance$60,625
Benefits paid to participants$3,209,995
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$41.6M · 686 accts · $870K emplr
2023$35.7M · 685 accts · $823K emplr
2022$28.7M · 687 accts · $777K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$101,163
Investment management$96,233
Total administrative$197,396
The Erie Family Health Center 401(k) match · 2024
Employer contribution per active participant$1,076
Median for plans this size$2,416
2024$1,076 per active participant
2023$1,058 per active participant
2022$961 per active participant

Erie Family Health Center's 2024 employer contribution ran below the $2,416 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$101,163
WINTRUST INVESTMENTS LLC · Investment advisory (plan)$53,970
ONEDIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$42,246

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$197,396 · 0.51%
2023$161,674 · 0.50%
2022$151,677 · 0.49%
Same employer
Similar plansOther Services · Illinois
National Safety Council IL$42.7M · 0.11%
Monroe Capital LLC IL$41.4M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363088628 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.