Plan Ledger DOL Form 5500 · updated monthly

Illinois Credit Union League401(k)

ILLINOIS CREDIT UNION SYSTEM RETIREMENT SECURITY 401(K) PLAN · NAPERVILLE, IL · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Illinois Credit Union League reported $6,994 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,492 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 0.02%. 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 1,108th-largest of 3,702 plans among Illinois employers on file, and the 552nd of 3,341 in other services. In 2024, the employer put in $1.01 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$39,455,809
Participants with balances155
Active participants115
Employer contributions$1,091,583
Employee contributions$1,085,327
Employer contribution per active participant$9,492
Average account balance$254,554
Benefits paid to participants$4,836,802
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.5M · 155 accts · $1.1M emplr
2023$36.2M · 155 accts · $999K emplr
2022$28.6M · 153 accts · $937K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,062
Investment management$2,932
Total administrative$6,994
The Illinois Credit Union League 401(k) match · 2024
Employer contribution per active participant$9,492
Median for plans this size$2,416
2024$9,492 per active participant
2023$8,189 per active participant
2022$7,682 per active participant

Illinois Credit Union League's 2024 employer contribution ran above the $2,416 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 · 20243
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$6,944
CHARLES SCHWAB & CO., INC. · Securities brokerage$3,626
CHARLES SCHWAB TRUST BANK · Trustee (directed)indirect comp

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$6,994 · 0.02%
2023$6,535 · 0.02%
2022$4,390 · 0.01%
Same employer
Similar plansOther Services · Illinois
Erie Family Health Center IL$41.6M · 0.51%
Monroe Capital LLC IL$41.4M · 0.31%
Ache IL$36.0M
Rescar Companies IL$35.8M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 361255150 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.