Plan Ledger DOL Form 5500 · updated monthly

Erikson Institute403(b)

ERIKSON INSTITUTE DC RETIREMENT PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Erikson Institute reported $71,483 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $3,384 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 0.15% to 0.16%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 1,018th-largest of 3,702 plans among Illinois employers on file, and the 1,020th of 3,091 in educational services. In 2024, employees put in $1.40 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,436,931
Participants with balances375
Active participants226
Employer contributions$764,712
Employee contributions$1,073,222
Employer contribution per active participant$3,384
Average account balance$115,832
Benefits paid to participants$6,485,335
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$43.4M · 375 accts · $765K emplr
2023$43.3M · 388 accts · $733K emplr
2022$40.8M · 388 accts · $674K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$71,483
Total administrative$71,483
Employer contributions to the Erikson Institute plan · 2024
Employer contribution per active participant$3,384
Median for plans this size$2,416
2024$3,384 per active participant
2023$3,186 per active participant
2022$3,009 per active participant

Erikson Institute's 2024 employer contribution ran above the $2,416 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
FIDUCIENT ADVISORS, LLC$23,291
CLIFTONLARSONALLEN, LLP$15,645

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$71,483 · 0.16%
2023$64,187 · 0.15%
2022$57,675 · 0.15%
Similar plansEducational Services · Illinois
Lake Forest Academy IL$43.8M · 0.30%
Rockford University IL$37.4M · 0.00%
Trinity Christian College IL$36.0M · 0.31%
Greenville University IL$31.7M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362593545 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.