Plan Snapshot
- Plan Sponsor: Governing Committee Of The Illinois Independent Colleges And Universi
- Sponsor EIN: 200174619
- Sponsor Address: 1123 S. SECOND STREET, SPRINGFIELD, IL, 62704
- Plan Type: 403(b)
- Total Participants: 1,567
- Total Assets: $503.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,567 | $503.5M | $5.0M | $6.1M |
| 2023 | 1,508 | $460.3M | $4.4M | $5.2M |
| 2022 | 854 | $204.5M | $184,319 | $261,064 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SIKICH CPA LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SIKICH CPA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $902,847 | — | $485,116 | — | — |
| 2023 | $634,415 | $297,786 | $336,629 | — | — |
| 2022 | $10,176 | $2,799 | $7,377 | — | — |