Plan Ledger DOL Form 5500 · updated monthly

Ostrow Reisin Berk & Abrams, LTD.401(k)

ORBA EMPLOYEES' RETIREMENT SAVINGS PLAN · CHICAGO, IL · plan year 2023

Reported admin expense ratio · 2023
0.01%

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

Ostrow Reisin Berk & Abrams, LTD. reported $7,108 in plan administrative expenses for 2023: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,750 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 fell from 0.012% to 0.010%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other professional & technical services employers. By assets it is the 665th-largest of 3,702 plans among Illinois employers on file, and the 1,858th of 11,654 in professional & technical services. In 2023, employees put in $2.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$78,311,456
Participants with balances233
Active participants161
Employer contributions$925,701
Employee contributions$2,055,548
Employer contribution per active participant$5,750
Average account balance$336,101
Benefits paid to participants$7,474,881
Plan auditUnmodified (clean) audit opinion
AuditorDUFEK & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$71.2M · 250 accts · $1.0M emplr
2023$78.3M · 233 accts · $926K emplr
2022$65.0M · 224 accts · $888K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,700
Investment management$5,408
Total administrative$7,108
The Ostrow Reisin Berk & Abrams, LTD. 401(k) match · 2023
Employer contribution per active participant$5,750
Median for plans this size$3,659
2024$5,968 per active participant
2023$5,750 per active participant
2022$5,919 per active participant

Ostrow Reisin Berk & Abrams, LTD.'s 2023 employer contribution ran above the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$5,408
FIDELITY INVESTMENTS INST OPER CO. · Loan processing$1,700

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$7,774 · 0.01%
2023$7,108 · 0.01%
2022$7,696 · 0.01%
Same employer
Similar plansProfessional & Technical Services · Illinois
United Generations, LLC IL$87.8M · 0.14%
Trustwave Holdings, Inc. IL$86.7M · 0.21%
Kemper CPA Group LLP IL$80.6M · 0.32%
Clausen Miller, P.C. IL$78.4M · 0.02%
V3 Companies, LTD. IL$76.3M · 0.15%
Fgmk, LLC IL$75.6M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362938874 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.