# The Art Institute Of Chicago 403(b) Plan
Source: https://planprovider.pro/companies/the-art-institute-of-chicago-403b-plan-002

> The Art Institute Of Chicago's 403(b) plan: 1,365 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/voya-financial) — INVEST ADVISOR

- [GRANT THORNTON, LLP](https://planprovider.pro/provider/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|—|—|—|—|

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