Plan Snapshot
- Plan Sponsor: The Barack Obama Foundation
- Sponsor EIN: 464950751
- Sponsor Address: 5235 S HARPER CT SUITE 1140, CHICAGO, IL, 60615
- Plan Type: 403(b)
- Total Participants: 289
- Total Assets: $22.8M
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 | 289 | $22.8M | $1.4M | $2.5M |
| 2023 | 276 | $16.5M | $1.3M | $2.3M |
| 2022 | 222 | $10.7M | $887,759 | $1.7M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $54,580 | — | $54,580 |
| WINTRUST INVESTMENTS LLC | INVESTMENT ADVISOR | $38,507 | — | $38,507 |
| MITCHELL TITUS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MITCHELL TITUS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,087
- Estimated Expense Ratio: 0.408% 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 | $93,087 | $38,507 | — | — | — |
| 2023 | $78,754 | $41,733 | — | — | — |
| 2022 | $56,059 | — | $56,059 | — | — |