Independent Colleges of Indiana Association, Inc403(b)
ICI MULTIPLE EMPLOYER PLAN · INDIANAPOLIS, IN · plan year 2024
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Independent Colleges of Indiana Association, Inc reported $1,083,548 in plan administrative expenses for 2024: 0.23% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,128 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 0.22% to 0.23%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 36th-largest of 1,562 plans among Indiana employers on file, and the 113th of 3,091 in educational services. In 2024, the employer put in $1.07 for every $1.00 employees contributed themselves; active participation has grown from 2,684 to 2,971 since 2022.
Independent Colleges of Indiana Association, Inc's 2024 employer contribution ran below the $4,294 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 310901001 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.