Plan Ledger DOL Form 5500 · updated monthly

Illinois College of Optometry403(b)

ILLINOIS COLLEGE OF OPTOMETRY MASTER RETIREMENT AND ANNUITY PLAN · CHICAGO, IL · plan year 2025

Reported admin expense ratio · 2025
0.06%

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

Illinois College of Optometry reported $68,610 in plan administrative expenses for 2025: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,722 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 rose from 0.03% to 0.06%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other educational services employers. By assets it is the 498th-largest of 3,702 plans among Illinois employers on file, and the 458th of 3,091 in educational services. In 2025, the employer put in $1.42 for every $1.00 employees contributed themselves; active participation has shrunk from 259 to 209 since 2022.

Plan summary
Net assets, end of year$118,245,007
Participants with balances467
Active participants209
Employer contributions$1,822,898
Employee contributions$1,286,869
Employer contribution per active participant$8,722
Average account balance$253,201
Benefits paid to participants$6,976,971
Plan auditDisclaimer of opinion
Plan history4
Yearassets · accounts · employer contribution
2025$118.2M · 467 accts · $1.8M emplr
2024$108.5M · 452 accts · $1.8M emplr
2023$99.6M · 436 accts · $1.8M emplr
2022$88.5M · 433 accts · $1.6M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$36,416
Investment management$21,194
Audit (IQPA)$11,000
Total administrative$68,610
Employer contributions to the Illinois College of Optometry plan · 2025
Employer contribution per active participant$8,722
Median for plans this size$4,093
2025$8,722 per active participant
2024$8,082 per active participant
2023$7,843 per active participant
2022$6,361 per active participant

Illinois College of Optometry's 2025 employer contribution ran above the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
TIAA · Recordkeeping · Pension consulting$36,568
MARQUETTE ASSOCIATES · Investment management$21,042
PW PARTNERS LLC · Accounting / audit$11,000

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

Recordkeeper by year3
2025TIAA
2024TIAA
2023TIAA

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

Administrative cost history4
2025$68,610 · 0.06%
2024$32,524 · 0.03%
2023$33,022 · 0.04%
2022$25,821 · 0.03%
Same employer
Similar plansEducational Services · Illinois
Augustana College IL$129.7M · 0.13%
Tcs Education System IL$128.9M · 0.17%
Roosevelt University IL$121.5M · 0.13%
Knox College IL$118.6M · 0.10%
Aurora University IL$117.9M · 0.12%
Latin School of Chicago IL$111.3M · 0.01%
Olivet Nazarene University IL$102.2M · 0.08%
Benedictine University IL$100.7M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362310478 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.