Plan Snapshot
- Plan Sponsor: Northwestern University
- Sponsor EIN: 362167817
- Sponsor Address: 1800 SHERMAN AVE, EVANSTON, IL, 60201
- Plan Type: 401(k)
- Plan Number: 575
- Total Participants: 12,557
- Total Assets: $10.3M
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 | 12,557 | $10.3M | $145.6M | $52.7M |
| 2023 | 11,235 | $22.4M | $117.5M | $49.6M |
| 2022 | 10,709 | $22.7M | $106.1M | $43.7M |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF ILLINOIS | Other Service Provider | $5,822,873 | — | $5,822,873 |
| EXPRESS SCRIPTS, INC. | Other Service Provider | $2,207,580 | — | $2,207,580 |
| CURALINC | Other Service Provider | $244,403 | — | $244,403 |
| THE NORTHERN TRUST COMPANY | Other Service Provider | $30,245 | — | $30,245 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,305,101
- Estimated Expense Ratio: 80.652% 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 | $8,305,101 | — | $8,274,856 | — | — |
| 2023 | $8,006,830 | — | $7,950,339 | — | — |
| 2022 | $7,334,482 | — | $7,245,825 | — | $88,657 |