# Illinois Bankers Association Health & Welfare Plan
Source: https://planprovider.pro/companies/illinois-bankers-association-363215107-501

> Illinois Bankers Association's Health & Welfare plan: 1,660 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Illinois Bankers Association

- **Sponsor EIN:** 363215107

- **Sponsor Address:** 3201 WEST WHITE OAKS DRIVE, SPRINGFIELD, IL, 62704

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 1,660

- **Total Assets:** $5.6M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|1,660|$5.6M|$22.8M|$0|

| 2023|1,727|$7.1M|$22.5M|$0|

| 2022|1,817|$7.2M|$22.1M|$0|

## 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|

| CLEMENS & ASSOCIATES LIFE AGENCY|Other Service Provider|$130,000|—|$130,000|

| ILLINOIS BANKERS ASSOCIATION|Recordkeeper|$106,253|—|$106,253|

| GIFFIN, WINNING, COHEN & BODEWES PC|Other Service Provider|$20,684|—|$20,684|

| KERBER, ECK & BRAECKEL|Auditor|$19,925|—|$19,925|

| GREAT LAKES ADVISORS|Other Service Provider|$18,553|—|$18,553|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [KERBER, ECK & BRAECKEL](https://planprovider.pro/provider/kerber-eck-and-braeckel-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $295,415

- **Estimated Expense Ratio:** 5.306% 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|$668,289|$18,553|$106,253|$19,925|—|

| 2023|$749,941|$19,804|$134,381|$19,250|—|

| 2022|$688,039|$19,087|$146,108|—|$169,636|

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