Plan Snapshot
- Plan Sponsor: Illinois College
- Sponsor EIN: 370661211
- Sponsor Address: 1101 W COLLEGE AVENUE, JACKSONVILLE, IL, 62650
- Plan Type: Health & Welfare
- Plan Number: 504
- Total Participants: 186
- Total Assets: $650,302
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 | 186 | $650,302 | $3.3M | $584,912 |
| 2023 | 191 | $422,634 | $2.3M | $585,548 |
| 2022 | 190 | $392,467 | $0 | $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 |
|---|---|---|---|---|
| PERSONIFY HEALTH | Other Service Provider | $213,044 | — | $213,044 |
| BRIO BENEFIT CONSULTING, AN ALERA G | Investment Advisor | $57,900 | — | $57,900 |
| THE BENECON GROUP | Investment Advisor | $36,804 | — | $36,804 |
| CONNECTCARE3 | Other Service Provider | $12,785 | — | $12,785 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $320,533
- Estimated Expense Ratio: 49.290% 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 | $954,508 | $49,589 | $275,247 | — | — |
| 2023 | $778,275 | $47,609 | $214,828 | — | — |
| 2022 | $697,969 | $46,636 | $193,779 | — | — |