Plan Snapshot
- Plan Sponsor: Illinois Federation Of Teachers
- Sponsor EIN: 362338589
- Sponsor Address: 500 OAKMONT LANE, WESTMONT, IL, 605595523
- Plan Type: DC
- Total Participants: 89
- Total Assets: $40.6M
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 | 89 | $40.6M | $1.4M | $266,060 |
| 2023 | 84 | $35.0M | $1.3M | $257,382 |
| 2022 | 85 | $28.8M | $1.5M | $197,751 |
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 |
|---|---|---|---|---|
| LEGACY PROFESSIONALS LLP | NONE | $9,000 | — | $9,000 |
| QUORUM CONSULTING GROUP | NONE | $7,542 | — | $7,542 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,542
- Estimated Expense Ratio: 0.041% 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 | $26,018 | — | $7,542 | $9,000 | — |
| 2023 | $27,254 | — | $7,969 | $10,000 | — |
| 2022 | $35,859 | — | $9,097 | — | $20,477 |