Plan Ledger DOL Form 5500 · updated monthly

The Chicago High School for the Arts403(b)

THE CHICAGO HIGH SCHOOL FOR THE ARTS 403(B) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

The Chicago High School for the Arts reported $24,664 in plan administrative expenses for 2024: 0.70% of average plan assets, above the peer median. Employer contributions averaged $565 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 3 years on file its reported administrative ratio has held roughly steady near 0.70%. 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 (3,112th of 3,702), and 2,632nd of 3,091 in educational services. In 2024, employees put in $2.74 for every $1.00 the employer contributed; active participation has shrunk from 131 to 114 since 2022.

Plan summary
Net assets, end of year$3,835,739
Participants with balances91
Active participants114
Employer contributions$64,429
Employee contributions$176,620
Employer contribution per active participant$565
Average account balance$42,151
Benefits paid to participants$36,384
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 91 accts · $64K emplr
2023$3.2M · 135 accts · $62K emplr
2022$3.3M · 143 accts · $73K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,664
Total administrative$24,664
Employer contributions to the The Chicago High School for the Arts plan · 2024
Employer contribution per active participant$565
Median for plans this size$1,313
2024$565 per active participant
2023$593 per active participant
2022$555 per active participant

The Chicago High School for the Arts's 2024 employer contribution ran below the $1,313 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$24,243
GALLAGHER FIDUCIARY ADVISORS, LLC · 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$24,664 · 0.70%
2023$23,759 · 0.74%
2022$21,821 · 0.72%
Similar plansEducational Services · Illinois
Eureka College IL$4.0M · 0.12%
Gads Hill Center IL$3.3M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300440226 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.