Plan Ledger DOL Form 5500 · updated monthly

Mesirow Financial Administrative Corporation401(k)

MESIROW FINANCIAL SAVINGS PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Mesirow Financial Administrative Corporation reported $176,186 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $4,250 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 has held roughly steady near 0.083%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 302nd-largest of 3,702 plans among Illinois employers on file, and the 542nd of 4,798 in finance & insurance. In 2024, employees put in $4.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$225,346,277
Participants with balances801
Active participants496
Employer contributions$2,107,950
Employee contributions$8,573,331
Employer contribution per active participant$4,250
Average account balance$281,331
Benefits paid to participants$16,674,690
Plan auditUnmodified (clean) audit opinion
AuditorMILLER COOPER
Plan history3
Yearassets · accounts · employer contribution
2024$225.3M · 801 accts · $2.1M emplr
2023$201.0M · 839 accts · $1.8M emplr
2022$171.6M · 830 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$129,937
Investment management$46,249
Total administrative$176,186
The Mesirow Financial Administrative Corporation 401(k) match · 2024
Employer contribution per active participant$4,250
Median for plans this size$3,635
2024$4,250 per active participant
2023$3,596 per active participant
2022$3,389 per active participant

Mesirow Financial Administrative Corporation's 2024 employer contribution ran above the $3,635 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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$129,937
TAIBER KOSMALA & ASSOC LLC · Investment advisory (plan)$45,000
CHARLES SCHWAB & CO., INC. · Securities brokerage$1,249
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect 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
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$176,186 · 0.08%
2023$171,052 · 0.09%
2022$158,795 · 0.08%
Same employer
Similar plansFinance & Insurance · Illinois
Modern Woodmen of America IL$250.5M · 0.01%
Calamos Investments LLC IL$232.9M · 0.01%
Harris Associates L.P. IL$209.1M · 0.02%
Hightower Holding, LLC IL$206.7M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363429602 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.