Retirement plan

ILLINOIS INSTITUTE OF TECHNOLOGY TAX DEFERRED ANNUITY PLAN

Name: ILLINOIS INSTITUTE OF TECHNOLOGY - ILLINOIS INSTITUTE OF TECHNOLOGY TAX DEFERRED ANNUITY PLAN (2024) Form 5500
Creator: ILLINOIS INSTITUTE OF TECHNOLOGY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ILLINOIS INSTITUTE OF TECHNOLOGY TAX DEFERRED ANNUITY PLAN, ILLINOIS INSTITUTE OF TECHNOLOGY

ILLINOIS INSTITUTE OF TECHNOLOGYEIN 36-2170136Plan #005PY 2024

10 W. 35TH STREET, 13TH FLOOR - CHICAGO, IL 606163717312-567-3353iit.eduLinkedIn1001-5000 employeeshigher education

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed November 5, 2015 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$598M

+7.7% from 2023

Total participants

2,612

-8.3% from 2023

Average account balance

$228,961

+3.5% from 2023

Annual return

12.92%

-3.23 pp from 2023

Benchmarks

See 309 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort309 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$598.05M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$229K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

2,612

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.92%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$63

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 8 by compensation

Provider	Service type	Compensation
FIDUCIENT ADVISORS LLC4 years Filed as: FIDUCIENT ADVISORS, LLC Service code 27 · EIN 36-4001764 500 W MADISON ST · CHICAGO, IL 606612567	Advisory (Plan)	$90,122
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 37 · EIN 04-2647786	Loan Processing	$42,320
FOLEY & LARDNER LLP10+ years Service code 27 · EIN 39-0473800	Advisory (Plan)	$19,364
CROWE LLP3 years Service code 10 · EIN 35-0921680	Accounting	$9,275
MUTUAL OF AMERICA INVESTMENT CORP3 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Account maintenance fees; Claims proc...	$661
FASCORE, LLC5 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$281
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Filed as: FIDELITY INVSTMNT INST OPR CO, INC. Service code 60	Sub-TA Fees	$0
WEALTH MANAGEMENT SYSTEMS INC1 year Filed as: WEALTH MANAGEMENT SYSTEMS Service code 49	Other Services	$0

Plan features & details

Pension benefit codes2F2G2L2M2T

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$165K

$159 / participant

Recordkeeping$43K26.3%
Contract admin$112K68.1%
Other / not subdivided$9K5.6%

% of EOY assets

0.028%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CROWE LLP
Auditor EIN: 350921680
Audit fees: $9,275
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$228,961

$113,293+102.1%

$67,502+239.2%

$199,593+14.7%

Participation rate

100.0%

73.3%+26.7pp

72.9%+27.1pp

72.0%+28.0pp

Annual return

12.92%

15.88%-3.0pp

3512.12%-3499.2pp

34.25%-21.3pp

Employer contribution / active EE

$4,019

$3,401+18.2%

$2,731+47.2%

$3,034+32.4%

Participant deferral / active EE

$7,769

$4,159+86.8%

$4,000+94.2%

$5,087+52.7%

Admin fee / account holder

$63

$103-38.5%

$3,998-98.4%

$269-76.5%

Provider

Service type

Compensation

FIDUCIENT ADVISORS LLC4 years

Filed as: FIDUCIENT ADVISORS, LLC

Service code 27 · EIN 36-4001764

500 W MADISON ST · CHICAGO, IL 606612567

Advisory (Plan)

$90,122

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 37 · EIN 04-2647786

Loan Processing

$42,320

FOLEY & LARDNER LLP10+ years

Service code 27 · EIN 39-0473800

Advisory (Plan)

$19,364

CROWE LLP3 years

Service code 10 · EIN 35-0921680

Accounting

$9,275

MUTUAL OF AMERICA INVESTMENT CORP3 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Account maintenance fees; Claims proc...

$661

FASCORE, LLC5 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$281

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Filed as: FIDELITY INVSTMNT INST OPR CO, INC.

Service code 60

Sub-TA Fees

WEALTH MANAGEMENT SYSTEMS INC1 year

Filed as: WEALTH MANAGEMENT SYSTEMS

Service code 49

Other Services

ILLINOIS INSTITUTE OF TECHNOLOGY TAX DEFERRED ANNUITY PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ILLINOIS INSTITUTE OF TECHNOLOGY TAX DEFERRED ANNUITY PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion