Plan Snapshot
- Plan Sponsor: The Art Institute Of Chicago
- Sponsor EIN: 362167725
- Sponsor Address: 111 S MICHIGAN AVENUE, CHICAGO, IL, 60603
- Plan Type: 403(b)
- Total Participants: 1,365
- Total Assets: $211.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 1,365 | $211.0M | $7.3M | $6.5M |
| 2023 | 1,279 | $186.2M | $6.7M | $6.1M |
| 2022 | 1,205 | $158.8M | $6.0M | $5.6M |
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 |
|---|---|---|---|---|
| VOYA INSTITUTIONAL PLAN SERVICES | RECORD KEEPER | $197,373 | — | $197,373 |
| VOYA RETIREMENT ADVISORS, LLC | INVEST ADVISOR | $71,187 | — | $71,187 |
| GRANT THORNTON, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VOYA RETIREMENT ADVISORS, LLC — INVEST ADVISOR
- GRANT THORNTON, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $268,560
- Estimated Expense Ratio: 0.127% 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 | $268,559 | $71,187 | $6,125 | — | — |
| 2023 | $220,366 | $51,868 | $5,038 | — | — |
| 2022 | $183,595 | — | — | — | — |