Illinois › Educational services › 500 to 999 participants
Form 5500 statement · plan year 1 Sep 2024 to 31 Aug 2025
Augustana College Defined Contribution Retirement Plan
Sponsored by Augustana College, Rock Island, IL
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Augustana College Defined Contribution Retirement Plan is a money purchase plan sponsored by Augustana College of Rock Island, Illinois. For the plan year ending 31 Aug 2025 it reported 645 participants, 216 of them active, and net assets of $90.2M.
Net assets came to $139,893 per participant, well above the $46,267 median for defined contribution plans with 500 to 999 participants and well above the $73,018 median for defined contribution plans in educational services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $76K: $118 per participant, close to the same-size median of $113. Administrative expenses charged to the plan were $76K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $48.5M in 2009 to $90.2M in 2024 (up 86%), and participants from 1,072 to 645 (down 40%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $139,893 | $46,267 | $73,018 | $53,102 |
| Employer contributions per active participant | — | $1,934 | $2,838 | $2,175 |
| Schedule C compensation per participant | $118 | $113 | $95.66 | $123 |
| Schedule C compensation, share of net assets | 0.09% | 0.25% | 0.13% | 0.26% |
| Administrative expenses per participant | $118 | $109 | $89.26 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), educational services (2,753) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 645 | $90.2M | $139,893 | — | — | $76K |
| 2023 | 691 | $89.1M | $128,880 | — | — | $67K |
| 2022 | 717 | $83.8M | $116,816 | — | — | $57K |
| 2021 | 746 | $80.1M | $107,362 | — | — | $67K |
| 2020 | 778 | $94.7M | $121,743 | — | — | $62K |
| 2019 | 883 | $83.6M | $94,673 | — | — | $48K |
| 2018 | 904 | $78.1M | $86,348 | — | — | $26K |
| 2017 | 939 | $81.9M | $87,211 | — | — | $34K |
| 2016 | 970 | $77.9M | $80,324 | — | — | $0 |
| 2015 | 1,003 | $73.8M | $73,535 | — | — | $0 |
| 2014 | 1,036 | $71.1M | $68,615 | — | — | $0 |
| 2013 | 1,075 | $74.0M | $68,794 | $2.6M | — | $6,000 |
| 2012 | 1,088 | $66.4M | $61,000 | $2.8M | — | $9,000 |
| 2011 | 1,100 | $60.1M | $54,595 | $2.7M | — | $4,000 |
| 2010 | 1,074 | $53.9M | $50,209 | $2.6M | — | $3,000 |
| 2009 | 1,072 | $48.5M | $45,288 | $2.5M | — | $6,000 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$89,055,906
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$9,402,624
- Benefits paid$8,150,969
- Administrative expenses$76,301
- Total expenses$8,227,270
- Net income$1,175,354
- Net transfers$0
- Net assets, end of year$90,231,260
Participants
- Active participants216
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits427
- Participants with account balances633
- Total participants, end of year645
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| TIAA - Teachers Insurance & Annuity | Contract Administrator; Recordkeeping and information management; Custodial (securities) | $43,907 | $0 |
| CliftonLarsonAllen LLP | Accounting (including auditing) | $18,438 | $0 |
| Planpilot, LLC | Consulting (pension) | $13,957 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$43,907
- IQPA audit fees$18,438
- Investment advisory and management fees$13,956
- Total administrative expenses$76,301
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Other investments$39.6M · 43.9%
- Registered investment companies (mutual funds)$28.8M · 31.9%
- Insurance company general account$20.4M · 22.6%
- Pooled separate accounts$1.4M · 1.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCliftonLarsonAllen LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $2,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2CMoney purchase (other than target benefit) plan2GTotal participant-directed account plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 611000: Educational Services (including schools, colleges, & universities).
Other plans of Augustana College
| Plan | Participants | Net assets |
|---|---|---|
| Augustana College Retirement Plan | 989 | $130M |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Triumph Higher Education Group, LLC 401(k) Plan | Triumph Higher Education Group, LLC | 666 | $15.6M | $23,399 |
| 160 Retirement Plan | Rock Gate Capital DBA 160 Driving Academy | 644 | $3.3M | $5,199 |
| Latin School of Chicago Retirement Plan | Latin School of Chicago | 689 | $111M | $161,566 |
| Sertoma Star Services 403(b) Plan | Sertoma Star Services | 633 | $9.1M | $14,310 |
| McKendree University Retirement Plan | McKendree University | 722 | $62.5M | $86,548 |
| The Hope 401(k) Retirement Savings Plan | Vision for Hope | 613 | $14.6M | $23,752 |
Defined contribution plans in educational services closest in size.
Questions and answers
How big is Augustana College Defined Contribution Retirement Plan?
645 participants at the end of the plan year ending 31 Aug 2025, of whom 216 were active employees, with net assets of $90,231,260. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does Augustana College contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $76,302 in compensation to service provider organisations, $118 per participant or 0.09% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $76,301. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Augustana College. Recordkeeping or administration: TIAA - Teachers Insurance & Annuity. Trustee or custodian: TIAA - Teachers Insurance & Annuity. The financial statements were audited by CliftonLarsonAllen LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Sep 2024 to 31 Aug 2025, received by the Department of Labor on 4 Jun 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 36-2166962, plan 007, received 4 Jun 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.