Plan Ledger DOL Form 5500 · updated monthly

National Louis University403(b)

NATIONAL LOUIS UNIVERSITY RETIREMENT PLAN · WHEELING, IL · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

National Louis University reported $251,925 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $3,226 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 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 420th-largest of 3,702 plans among Illinois employers on file, and the 374th of 3,091 in educational services. In 2024, employees put in $1.29 for every $1.00 the employer contributed; active participation has grown from 586 to 681 since 2022.

Plan summary
Net assets, end of year$144,165,026
Participants with balances1,570
Active participants681
Employer contributions$2,196,566
Employee contributions$2,822,852
Employer contribution per active participant$3,226
Average account balance$91,825
Benefits paid to participants$8,520,918
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$144.2M · 1,570 accts · $2.2M emplr
2023$129.7M · 1,510 accts · $2.0M emplr
2022$117.7M · 1,500 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,869
Investment management$27,186
Audit (IQPA)$12,500
Total administrative$251,925
Employer contributions to the National Louis University plan · 2024
Employer contribution per active participant$3,226
Median for plans this size$3,635
2024$3,226 per active participant
2023$3,280 per active participant
2022$3,160 per active participant

National Louis University's 2024 employer contribution ran below 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 · 20243
TIAA · Recordkeeping · Pension consulting$48,055
GALLAGHER BENEFIT SERVICES, INC. · Insurance broker · Investment management$25,000
FORVIS MAZARS, LLP · Accounting / audit$12,500

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

Recordkeeper by year2
2024TIAA
2023TIAA

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

Administrative cost history3
2024$251,925 · 0.18%
2023$241,283 · 0.20%
2022$242,872 · 0.19%
Same employer
Similar plansEducational Services · Illinois
Columbia College Chicago IL$233.0M · 0.06%
Devry University, Inc. IL$219.4M · 0.10%
North Central College IL$179.5M · 0.04%
Lake Forest College IL$143.2M · 0.01%
Dominican University IL$141.1M · 0.05%
Illinois Wesleyan University IL$135.4M · 0.05%
Elmhurst University IL$135.3M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362167804 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.