Plan Ledger DOL Form 5500 · updated monthly

School Health Corporation401(k)

SCHOOL HEALTH CORP. 401(K) PLAN · ROLLING MEADOWS, IL · plan year 2023

Reported admin expense ratio · 2023
0.35%

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

School Health Corporation reported $84,828 in plan administrative expenses for 2023: 0.35% of average plan assets, above the peer median. Employer contributions averaged $3,065 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 0.34% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 1,436th-largest of 3,702 plans among Illinois employers on file, and the 1,152nd of 5,215 in retail trade. In 2023, employees put in $2.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,389,363
Participants with balances238
Active participants198
Employer contributions$606,834
Employee contributions$1,304,567
Employer contribution per active participant$3,065
Average account balance$110,880
Benefits paid to participants$1,141,380
Plan auditDisclaimer of opinion
AuditorDETTERBECK, JOHNSON AND MONSEN, LTD
Plan history3
Yearassets · accounts · employer contribution
2024$26.1M · 226 accts · $419K emplr
2023$26.4M · 238 accts · $607K emplr
2022$21.9M · 219 accts · $468K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$38,930
Investment management$45,898
Total administrative$84,828
The School Health Corporation 401(k) match · 2023
Employer contribution per active participant$3,065
Median for plans this size$2,440
2024$2,437 per active participant
2023$3,065 per active participant
2022$2,571 per active participant

School Health Corporation's 2023 employer contribution ran above the $2,440 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
SCHOOL HEALTH · Investment advisory (participants) · Investment advisory (plan)$45,898
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$38,930

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$104,195 · 0.40%
2023$84,828 · 0.35%
2022$83,634 · 0.34%
Same employer
Similar plansRetail Trade · Illinois
Karl Knauz Motors, Inc. IL$30.9M · 0.00%
Currie/Curfin Motors IL$29.9M · 0.32%
Uftring Chevrolet, Inc. IL$26.6M · 0.45%
Graham Enterprise, Inc. IL$26.1M · 0.33%
Anderson Nissan Inc. IL$24.7M · 0.38%
B2B Industrial Packaging IL$24.2M · 0.63%
McGrath Enterprises, Inc. IL$24.0M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362425385 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.