Little City Foundation 401(k) Review & Grade
Little City Foundation 401(k) Plan
Inverness, ILHealth Care & Social Assistance514 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$770Employer $ per active participant
$2,245Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$14.5MNet plan assets, end of year
$34,374Average balance per account
Score breakdown
- Employer generosity22.2 / 5044th percentile for employer $ per participant
- Low cost12.7 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 51th |
| Employee saving | 45th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Little City Foundation put in about $770 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $395,970 |
| Participant (employee) contributions | $1,153,815 |
| Other contributions (incl. rollovers in) | $44,583 |
| Administrative expenses paid from the plan | $33,660 |
| Contract administrator fees | $26,300 |
| Investment advisory & management fees | $7,360 |
| Benefits paid out | $4,081,335 |
| Net assets, start / end of year | $15.6M / $14.5M |
| Active participants, start / end of year | 562 / 466 |
| Participants with account balances | 423 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Dugan & Lopatka Cpas's |
Largest service providers (Schedule C)
| Stancorp Financial Group | $23,276 reported compensation |
| Cerity Partners Retirement Plan Adv | $7,360 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014084656NAL0002434673001, received 2025-10-14, EIN 36-2434562, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.