Plan Snapshot
- Plan Sponsor: Northwestern College
- Sponsor EIN: 363074137
- Sponsor Address: 7725 S HARLEM AVE, BRIDGEVIEW, IL, 60455
- Plan Type: 401(k)
- Total Participants: 70
- Total Assets: $1.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 70 | $1.9M | $0 | $89,185 |
| 2023 | 70 | $2.6M | $0 | $188,002 |
| 2022 | 63 | $2.9M | $0 | $195,359 |
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 |
|---|---|---|---|---|
| SMITH AND HOWARD PC | OTHER | $24,000 | — | $24,000 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $12,723 | — | $12,723 |
| UBS FINANCIAL SERVICES INC | INVESTMENT ADVISOR | $6,296 | — | $6,296 |
| SMITH + HOWARD | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,019
- Estimated Expense Ratio: 2.285% 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 | $19,642 | $6,919 | — | — | — |
| 2023 | $28,366 | $8,031 | — | $8,000 | — |
| 2022 | $19,390 | — | $19,390 | — | — |