Plan Ledger DOL Form 5500 · updated monthly

Illinois National Bancorp, Inc.401(k) + ESOP (KSOP)

ILLINOIS NATIONAL BANCORP 401(K) PLAN · SPRINGFIELD, IL · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Illinois National Bancorp, Inc. reported $10,529 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,943 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 0.06% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,070th-largest of 3,702 plans among Illinois employers on file, and the 1,916th of 4,798 in finance & insurance. In 2024, employees put in $3.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$41,277,990
Participants with balances452
Active participants295
Employer contributions$573,073
Employee contributions$1,909,102
Employer contribution per active participant$1,943
Average account balance$91,323
Benefits paid to participants$3,147,802
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.3M · 452 accts · $573K emplr
2023$35.8M · 436 accts · $538K emplr
2022$29.9M · 398 accts · $489K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,529
Total administrative$10,529
The Illinois National Bancorp, Inc. 401(k) match · 2024
Employer contribution per active participant$1,943
Median for plans this size$2,416
2024$1,943 per active participant
2023$1,704 per active participant
2022$1,797 per active participant

Illinois National Bancorp, Inc.'s 2024 employer contribution ran below 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$10,529

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$10,529 · 0.03%
2023$4,775 · 0.01%
2022$17,263 · 0.06%
Similar plansFinance & Insurance · Illinois
Backlund Investment Co IL$42.8M · 0.16%
Kingsway America Inc. IL$42.5M · 0.13%
First State Bank IL$42.3M · 0.41%
Delta Dental of Illinois IL$41.7M · 0.08%
Unite Here Health IL$40.9M · 0.13%
Marquette Associates, Inc. IL$40.5M · 0.13%
First Co Bancorp, Inc. IL$40.2M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371124589 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.