Plan Ledger DOL Form 5500 · updated monthly

The Chicago Lighthouse for People Who Are Blind Or Visually Impaired401(k)

THE CHICAGO LIGHTHOUSE MODIFIED DEFINED CONTRIBUTION PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
1.23%

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

The Chicago Lighthouse for People Who Are Blind Or Visually Impaired reported $111,576 in plan administrative expenses for 2024: 1.23% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,378 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 fell from 1.37% to 1.23%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Illinois (2,362nd of 3,702), and the 5,606th of 11,911 in health care & social assistance. In 2024, employees put in $1.59 for every $1.00 the employer contributed; active participation has grown from 594 to 719 since 2022.

Plan summary
Net assets, end of year$10,346,469
Participants with balances802
Active participants719
Employer contributions$990,566
Employee contributions$1,578,763
Employer contribution per active participant$1,378
Average account balance$12,901
Benefits paid to participants$897,528
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 802 accts · $991K emplr
2023$7.8M · 729 accts · $1.0M emplr
2022$4.7M · 689 accts · $515K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$111,576
Total administrative$111,576
The The Chicago Lighthouse for People Who Are Blind Or Visually Impaired 401(k) match · 2024
Employer contribution per active participant$1,378
Median for plans this size$1,313
2024$1,378 per active participant
2023$1,501 per active participant
2022$868 per active participant

The Chicago Lighthouse for People Who Are Blind Or Visually Impaired's 2024 employer contribution ran above 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$111,575
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE 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$111,576 · 1.23%
2023$86,001 · 1.37%
2022Not separately reported
Same employer
Similar plansHealth Care & Social Assistance · Illinois
Opticsplanet, Inc. IL$10.8M · 0.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362169139 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.