Plan Snapshot
- Plan Sponsor: Iit Research Institute
- Sponsor EIN: 362169122
- Sponsor Address: 10 W 35TH ST, CHICAGO, IL, 606163717
- Plan Type: 403(b)
- Total Participants: 114
- Total Assets: $107.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 114 | $107.6M | $816,579 | $933,602 |
| 2023 | 118 | $106.1M | $813,286 | $935,978 |
| 2022 | 123 | $100.8M | $524,508 | $832,069 |
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 |
|---|---|---|---|---|
| PLANPILOT, LLC | INVESTMENT ADVISOR | $42,220 | — | $42,220 |
| SMITH AND HOWARD, PC | ACCOUNTANT/AUDITOR | $10,000 | — | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,220
- Estimated Expense Ratio: 0.049% of plan assets
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 | $12,480 | — | $12,480 | — | — |
| 2023 | $62,587 | — | $62,587 | — | — |
| 2022 | $30,521 | — | — | — | — |