Plan Ledger DOL Form 5500 · updated monthly

Lutheran Social Services of Illinois401(k)

403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS · DES PLAINES, IL · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Lutheran Social Services of Illinois reported $178,166 in plan administrative expenses for 2024: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $897 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 0.12% to 0.69%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,366th-largest of 3,702 plans among Illinois employers on file, and the 2,897th of 11,911 in health care & social assistance. In 2024, employees put in $2.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,401,739
Participants with balances2,252
Active participants1,379
Employer contributions$1,237,578
Employee contributions$2,637,214
Employer contribution per active participant$897
Average account balance$12,612
Benefits paid to participants$3,390,572
Plan auditQualified audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.4M · 2,252 accts · $1.2M emplr
2023$22.9M · 2,249 accts · $1.0M emplr
2022$17.8M · 1,953 accts · $363K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,639
Investment management$5,295
Total administrative$178,166
The Lutheran Social Services of Illinois 401(k) match · 2024
Employer contribution per active participant$897
Median for plans this size$2,416
2024$897 per active participant
2023$751 per active participant
2022$283 per active participant

Lutheran Social Services of Illinois's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20242
MUTUAL OF AMERICA SEC. CORP LLC · Recordkeeping · Loan processing$85,639
WILSHIRE ASSOCIATES INC. · Named fiduciary$5,295

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$178,166 · 0.69%
2023$94,687 · 0.46%
2022$22,513 · 0.12%
Similar plansHealth Care & Social Assistance · Illinois
Gailey Eye Clinic, LTD. IL$29.0M · 0.23%
Surgalign Technologies, Inc IL$27.1M · 0.30%
Gateway Foundation, Inc. IL$26.5M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362584799 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.