Plan Ledger DOL Form 5500 · updated monthly

Spartan Education Group, LLC401(k)

SPARTAN EDUCATION GROUP, LLC RETIREMENT SAVINGS PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
1.04%

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

Spartan Education Group, LLC reported $59,399 in plan administrative expenses for 2024: 1.04% of average plan assets, higher than ~75% of peers. Employer contributions averaged $902 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 0.93% to 1.04%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Illinois (2,779th of 3,702), and 2,378th of 3,091 in educational services. In 2024, employees put in $2.87 for every $1.00 the employer contributed; active participation has grown from 234 to 295 since 2022.

Plan summary
Net assets, end of year$6,501,289
Participants with balances292
Active participants295
Employer contributions$266,072
Employee contributions$764,070
Employer contribution per active participant$902
Average account balance$22,265
Benefits paid to participants$511,168
Plan auditUnmodified (clean) audit opinion
AuditorALMICH & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 292 accts · $266K emplr
2023$4.9M · 277 accts · $205K emplr
2022$4.1M · 258 accts · $191K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,899
Investment management$10,500
Total administrative$59,399
The Spartan Education Group, LLC 401(k) match · 2024
Employer contribution per active participant$902
Median for plans this size$1,313
2024$902 per active participant
2023$727 per active participant
2022$815 per active participant

Spartan Education Group, LLC's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ADP, INC. · Loan processing · Recordkeeping$48,899
ALMICH & ASSOCIATES · Recordkeeping · Pension consulting$10,500

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

Recordkeeper by year2
2024ADP, ALMICH & ASSOCIATES
2023ADP

This plan has changed recordkeepers within these filings. If you left Spartan Education Group, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$59,399 · 1.04%
2023$42,057 · 0.94%
2022$41,114 · 0.93%
Similar plansEducational Services · Illinois
Distinctive Schools IL$7.7M · 0.96%
Timothy Christian Schools IL$6.3M · 0.02%
After School Matters IL$6.3M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270802184 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.