Plan Ledger DOL Form 5500 · updated monthly

Gads Hill Center403(b)

GADS HILL CENTER 403(B) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.92%

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

Gads Hill Center reported $27,986 in plan administrative expenses for 2024: 0.92% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,062 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 1.07% to 0.92%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Illinois (3,186th of 3,702), and 2,683rd of 3,091 in educational services. In 2024, employees put in $1.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,333,613
Participants with balances121
Active participants146
Employer contributions$155,006
Employee contributions$279,536
Employer contribution per active participant$1,062
Average account balance$27,551
Benefits paid to participants$161,298
Plan auditUnmodified (clean) audit opinion
AuditorSASSETTI, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$3.3M · 121 accts · $155K emplr
2023$2.8M · 104 accts · $124K emplr
2022$2.3M · 105 accts · $119K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,305
Investment management$14,681
Total administrative$27,986
The Gads Hill Center 401(k) match · 2024
Employer contribution per active participant$1,062
Median for plans this size$1,313
2024$1,062 per active participant
2023$793 per active participant
2022$784 per active participant

Gads Hill Center'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
JULY BUSINESS SERVICES LLC · Recordkeeping · Trustee$9,940
FARO ADVISORY · Investment advisory (plan)$14,681

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

Recordkeeper by year2
2024July Business Services
2023July Business Services

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$27,986 · 0.92%
2023$24,393 · 0.97%
2022$26,211 · 1.07%
Same employer
Similar plansEducational Services · Illinois
Northwestern College IL$2.9M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362167082 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.