Plan Ledger DOL Form 5500 · updated monthly

Quincy University Corporation403(b)

QUINCY UNIVERSITY DC RETIREMENT PLAN · QUINCY, IL · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Quincy University Corporation reported $10,783 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $621 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 0.20% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 1,534th-largest of 3,702 plans among Illinois employers on file, and the 1,459th of 3,091 in educational services. In 2024, employees put in $3.12 for every $1.00 the employer contributed; active participation has grown from 209 to 325 since 2022.

Plan summary
Net assets, end of year$23,815,288
Participants with balances377
Active participants325
Employer contributions$201,839
Employee contributions$629,224
Employer contribution per active participant$621
Average account balance$63,171
Benefits paid to participants$1,701,283
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.8M · 377 accts · $202K emplr
2023$22.6M · 347 accts · $199K emplr
2022$20.6M · 316 accts · $148K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,783
Total administrative$10,783
Employer contributions to the Quincy University Corporation plan · 2024
Employer contribution per active participant$621
Median for plans this size$2,416
2024$621 per active participant
2023$690 per active participant
2022$708 per active participant

Quincy University Corporation'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$10,783
RAYMOND JAMES & ASSOCIATES, INC. · Investment advisory (plan)indirect comp

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$10,783 · 0.05%
2023$23,604 · 0.11%
2022$40,744 · 0.20%
Similar plansEducational Services · Illinois
American Nuclear Society IL$26.7M · 0.00%
Acero Schools IL$25.3M · 0.46%
Marist High School IL$24.9M · 0.24%
Elim Christian Services IL$22.7M · 0.69%
Avery Coonley School IL$20.7M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 370661231 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.