Plan Snapshot
- Plan Sponsor: Northwestern University
- Sponsor EIN: 362167817
- Sponsor Address: 1800 SHERMAN AVE, EVANSTON, IL, 60201
- Plan Type: 403(b)
- Total Participants: 10,023
- Total Assets: $4.4B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 10,023 | $4.4B | $104.5M | $44.3M |
| 2023 | 9,328 | $4.0B | $94.5M | $40.5M |
| 2022 | 9,440 | $3.5B | $88.0M | $38.3M |
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 |
|---|---|---|---|---|
| FIDELITY INVSTMNTS INST OPER CO,INC | Recordkeeper | $173,363 | $30 | $173,393 |
| CAPFINANCIAL PARTNERS, LLC | Other Service Provider | $118,000 | — | $118,000 |
| SAVANT CAPITAL MANAGEMENT | Investment Advisor | $103,790 | — | $103,790 |
| PLANTE & MORAN, PLLC | Auditor | $43,376 | — | $43,376 |
| TIAA | Recordkeeper | $27,873 | — | $27,873 |
| THE LAM GROUP, INC | Other Service Provider | $16,940 | — | $16,940 |
| RAPPAPORT REICHES CAP MGMT LLC | Other Service Provider | $7,265 | — | $7,265 |
| WANG KOBAYASHI AUSTIN | Other Service Provider | $5,790 | — | $5,790 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVSTMNTS INST OPER CO,INC — Recordkeeper
- SAVANT CAPITAL MANAGEMENT — Investment Advisor
- PLANTE & MORAN, PLLC — Auditor
- TIAA — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $496,427
- Estimated Expense Ratio: 0.011% 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 | $504,004 | $413,486 | $27,873 | $43,376 | — |
| 2023 | $500,692 | $379,834 | $38,228 | $25,726 | — |
| 2022 | $457,098 | $239,648 | $179,150 | — | $38,300 |