Plan Ledger DOL Form 5500 · updated monthly

Northwestern College401(k)

NORTHWESTERN COLLEGE 401(K) PLAN · BRIDGEVIEW, IL · plan year 2022

Reported admin expense ratio · 2022
0.62%

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

Northwestern College reported $19,390 in plan administrative expenses for 2022: 0.62% of average plan assets, above the peer median. Employer contributions averaged $0 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 0.62% to 1.80%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Illinois (3,248th of 3,702), and 2,741st of 3,091 in educational services.

Plan summary
Net assets, end of year$2,889,124
Participants with balances131
Active participants63
Employer contributions$0
Employee contributions$195,359
Employer contribution per active participant$0
Average account balance$22,054
Benefits paid to participants$100,577
Plan auditUnmodified (clean) audit opinion
AuditorWEWORKSI AND ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$1.9M · 71 accts
2023$2.6M · 144 accts
2022$2.9M · 131 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$19,390
Total administrative$19,390
The Northwestern College 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$1,114

Northwestern College's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$40,730 · 1.80%
2023$28,366 · 1.02%
2022$19,390 · 0.62%
Similar plansEducational Services · Illinois
Gads Hill Center IL$3.3M · 0.92%
St. Augustine College IL$2.8M · 1.09%
Redshelf, Inc. IL$2.8M · 0.12%
Keshet IL$2.2M · 1.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363074137 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.