Plan Ledger DOL Form 5500 · updated monthly

Francis W. Parker School403(b)

FRANCIS W. PARKER SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Francis W. Parker School reported $38,377 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,404 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 0.01% to 0.05%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 627th-largest of 3,702 plans among Illinois employers on file, and the 610th of 3,091 in educational services. In 2024, the employer put in $2.25 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$86,004,178
Participants with balances514
Active participants239
Employer contributions$2,008,587
Employee contributions$891,869
Employer contribution per active participant$8,404
Average account balance$167,323
Benefits paid to participants$3,336,592
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$86.0M · 514 accts · $2.0M emplr
2023$77.6M · 506 accts · $1.9M emplr
2022$68.1M · 506 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,377
Total administrative$38,377
Employer contributions to the Francis W. Parker School plan · 2024
Employer contribution per active participant$8,404
Median for plans this size$3,635
2024$8,404 per active participant
2023$8,319 per active participant
2022$8,242 per active participant

Francis W. Parker School's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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
FIDUCIENT ADVISORS, LLC · Investment advisory (plan)$21,377
SMITH & HOWARD PC · Accounting / audit$17,000

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$38,377 · 0.05%
2023$26,668 · 0.04%
2022$6,717 · 0.01%
All plans at this employer2
FRANCIS W. PARKER SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN403(b)
FRANCIS W. PARKER SCHOOL TAX DEFERRED ANNUITY PLAN403(b)
Same employer
Similar plansEducational Services · Illinois
Latin School of Chicago IL$111.3M · 0.01%
Olivet Nazarene University IL$102.2M · 0.08%
Benedictine University IL$100.7M · 0.15%
McKendree University IL$62.5M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362171732 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.