Plan Snapshot
- Plan Sponsor: Illinois Central School Bus, LLC
- Sponsor EIN: 200991676
- Sponsor Address: 3033 W JEFFERSON ST, JOLIET, IL, 604355252
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 3,236
- Total Assets: $10.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,236 | $10.8M | $611,719 | $1.8M |
| 2023 | 4,576 | $9.2M | $673,615 | $1.8M |
| 2022 | 4,802 | $7.1M | $562,549 | $1.6M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $86,576 | — | $86,576 |
| CREATIVE PLANNING, LLC | Investment Advisor | $19,984 | $16 | $20,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CREATIVE PLANNING, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,576
- Estimated Expense Ratio: 0.988% 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 | $106,560 | $19,984 | $86,576 | — | — |
| 2023 | $92,689 | $19,984 | $72,705 | — | — |
| 2022 | $98,322 | $19,986 | $78,336 | — | — |