Plan Snapshot
- Plan Sponsor: The Art Institute Of Chicago
- Sponsor EIN: 362167725
- Sponsor Address: 111 S MICHIGAN AVENUE, CHICAGO, IL, 60603
- Plan Type: DC
- Total Participants: 155
- Total Assets: $35.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 155 | $35.0M | $0 | $1.3M |
| 2023 | 162 | $30.8M | $0 | $1.3M |
| 2022 | 176 | $26.8M | $0 | $1.3M |
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 |
|---|---|---|---|---|
| VOYA INSTITUTIONAL PLAN SERVICES | RECORDKEEPING | $37,739 | — | $37,739 |
| VOYA RETIREMENT ADVISORS, LLC | INVEST ADVISOR | $6,430 | — | $6,430 |
| 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: $44,169
- Estimated Expense Ratio: 0.126% 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 | $44,169 | $6,430 | $694 | — | — |
| 2023 | $37,614 | $4,219 | $750 | — | — |
| 2022 | $36,412 | — | — | — | — |