Plan Ledger DOL Form 5500 · updated monthly

Noble Network of Charter Schools401(k)

NOBLE NETWORK OF CHARTER SCHOOLS 401(K) PROFIT SHARING PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Noble Network of Charter Schools reported $160,341 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $888 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 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 887th-largest of 3,702 plans among Illinois employers on file, and the 416th of 3,341 in other services. In 2024, employees put in $3.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$51,819,770
Participants with balances1,897
Active participants1,691
Employer contributions$1,501,689
Employee contributions$5,907,193
Employer contribution per active participant$888
Average account balance$27,317
Benefits paid to participants$5,118,553
Plan auditUnmodified (clean) audit opinion
AuditorOSTROW REISIN BERK AND ABRAMS LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$51.8M · 1,897 accts · $1.5M emplr
2023$43.0M · 1,835 accts · $1.4M emplr
2022$35.2M · 1,688 accts · $722K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$120,520
Investment management$39,821
Total administrative$160,341
The Noble Network of Charter Schools 401(k) match · 2024
Employer contribution per active participant$888
Median for plans this size$2,416
2024$888 per active participant
2023$824 per active participant
2022$440 per active participant

Noble Network of Charter Schools'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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$120,520
CREATIVE PLANNING LLC · Investment advisory (plan)$26,250
MESIROW FINANCIAL INC · Investment advisory (plan)$8,750

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$160,341 · 0.34%
2023$128,564 · 0.33%
2022$129,711 · 0.35%
Same employer
Similar plansOther Services · Illinois
Aarete, Inc. IL$55.0M
Planet Equity Group, LLC IL$53.3M · 0.49%
American Lung Association IL$49.8M · 0.19%
Syndigo LLC IL$49.6M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364241970 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.