Plan Snapshot
- Plan Sponsor: The Family Institute At Northwestern University
- Sponsor EIN: 362682639
- Sponsor Address: 444 N MICHIGAN AVE, 30TH FLOOR, CHICAGO, IL, 60611
- Plan Type: 403(b)
- Total Participants: 187
- Total Assets: $23.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 187 | $23.4M | $641,366 | $1.1M |
| 2023 | 180 | $23.2M | $513,389 | $1.1M |
| 2022 | 173 | $19.2M | $446,007 | $867,046 |
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 |
|---|---|---|---|---|
| CONCURRENT INVEST ADVISORS, LLC | FINANCIAL ADVISOR | $30,602 | — | $30,602 |
| TEACHERS INS & ANNUIT ASSOC | RECORDKEEPER | $26,632 | — | $26,632 |
| SMITH & HOWRD, PC | INDEPENDENT AUDITOR | $13,500 | — | $13,500 |
| NEWPORT GROUP, INC | TPA | $6,212 | — | $6,212 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TEACHERS INS & ANNUIT ASSOC — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,946
- Estimated Expense Ratio: 0.329% 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 | $58,195 | — | $57,287 | $908 | — |
| 2023 | $88,406 | — | $87,619 | $787 | — |
| 2022 | $64,165 | — | $64,161 | — | — |