Illinois Bone and Joint Institute, LLC 401(k) Review & Grade
Illinois Bone and Joint Institute, LLC Profit Sharing and Savings Plan
Des Plaines, ILHealth Care & Social Assistance2,300 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,626Employer $ per active participant
$5,451Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$287.0MNet plan assets, end of year
$95,692Average balance per account
Score breakdown
- Employer generosity45.0 / 5090th percentile for employer $ per participant
- Low cost21.4 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score89 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 86th |
| Employee saving | 83th |
| 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
- Illinois Bone and Joint Institute put in about $4,626 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $10,640,673 |
| Participant (employee) contributions | $12,537,659 |
| Other contributions (incl. rollovers in) | $2,005,126 |
| Administrative expenses paid from the plan | $146,208 |
| Investment advisory & management fees | $40,437 |
| Other admin expenses | $144,976 |
| Benefits paid out | $17,713,228 |
| Net assets, start / end of year | $242.8M / $287.0M |
| Active participants, start / end of year | 2,246 / 2,354 |
| Participants with account balances | 2,999 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Fgmk LLC |
Largest service providers (Schedule C)
| Rothschild Investments | $116,127 reported compensation |
| Strategic Advisors, Inc. | $40,437 reported compensation |
| First American Bank | $28,849 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009110214NAL0006875249001, received 2025-10-09, EIN 20-3845479, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.