Plan Ledger DOL Form 5500 · updated monthly

Sertoma Centre Inc.403(b)

SERTOMA CENTRE INC. DEFINED CONTRIBUTION PLAN · ALSIP, IL · plan year 2023

Reported admin expense ratio · 2023
0.69%

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

Sertoma Centre Inc. reported $36,593 in plan administrative expenses for 2023: 0.69% of average plan assets, above the peer median. Employer contributions averaged $1,399 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 1 year on file its reported administrative ratio rose from 0.40% to 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Illinois (2,862nd of 3,702), and 2,446th of 3,091 in educational services. In 2023, employees put in $1.65 for every $1.00 the employer contributed; active participation has shrunk from 290 to 142 since 2022.

Plan summary
Net assets, end of year$5,787,046
Participants with balances385
Active participants142
Employer contributions$198,673
Employee contributions$327,388
Employer contribution per active participant$1,399
Average account balance$15,031
Benefits paid to participants$311,418
Plan auditUnmodified (clean) audit opinion
AuditorDUGAN & LOPATKA
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$5.8M · 385 accts · $199K emplr
2022$4.8M · 396 accts · $176K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$36,593
Total administrative$36,593
Employer contributions to the Sertoma Centre Inc. plan · 2023
Employer contribution per active participant$1,399
Median for plans this size$1,308
2023$1,399 per active participant
2022$607 per active participant

Sertoma Centre Inc.'s 2023 employer contribution ran above the $1,308 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 · 20233
TIAA$23,888
FARO ADVISORY · Investment advisory (plan)$10,166
CENTRIC WEALTH MANAGEMENT LLC · Investment advisory (participants)$3,563

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024Not separately reported
2023$36,593 · 0.69%
2022$20,634 · 0.40%
Same employer
Similar plansEducational Services · Illinois
After School Matters IL$6.3M · 0.27%
Depaul College Prep IL$5.9M · 0.01%
Kipp Chicago Schools IL$5.5M · 0.03%
S.E.A.L. of Illinois IL$5.4M · 0.06%
Brookside Partners, LLC IL$5.4M · 0.04%
Concept Schools Nfp IL$5.1M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362720586 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.