Illinois › Health care and social assistance › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Anixter Center Incentive Savings Plan
Sponsored by Lester & Rosalie Anixter Center, Chicago, 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.
Anixter Center Incentive Savings Plan is a 401(k) plan sponsored by Lester & Rosalie Anixter Center of Chicago, Illinois. For the plan year ending 31 Dec 2024 it reported 231 participants, 168 of them active, and net assets of $8.4M.
Net assets came to $36,199 per participant, well below the $60,185 median for defined contribution plans with 100 to 249 participants and above the $30,764 median for defined contribution plans in health care and social assistance. 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 5 service provider organisations paid $5,000 or more, with reported compensation of $87K: $376 per participant, well above the same-size median of $194. Administrative expenses charged to the plan were $73K. 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 $9.8M in 2009 to $8.4M in 2024 (down 14%), and participants from 190 to 231 (up 22%).
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 | $36,199 | $60,185 | $30,764 | $53,102 |
| Employer contributions per active participant | — | $2,447 | $1,536 | $2,175 |
| Schedule C compensation per participant | $376 | $194 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 1.0% | 0.32% | 0.31% | 0.26% |
| Administrative expenses per participant | $318 | $176 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), health care and social assistance (9,402) 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 | 231 | $8.4M | $36,199 | — | $500K | $87K |
| 2023 | 234 | $7.8M | $33,261 | — | $438K | $63K |
| 2022 | 227 | $6.4M | $28,203 | — | $355K | $81K |
| 2021 | 341 | $8.2M | $24,067 | — | $293K | $74K |
| 2020 | 334 | $7.7M | $23,174 | — | $334K | $43K |
| 2019 | 322 | $6.7M | $20,655 | — | $303K | $41K |
| 2018 | 317 | $6.6M | $20,959 | — | $309K | $46K |
| 2017 | 344 | $9.0M | $26,073 | — | $302K | $52K |
| 2016 | 191 | $8.6M | $45,115 | — | $327K | $49K |
| 2015 | 197 | $9.2M | $46,655 | — | $390K | $54K |
| 2014 | 189 | $10.3M | $54,561 | — | $411K | $54K |
| 2013 | 188 | $10.8M | $57,585 | — | $445K | $47K |
| 2012 | 192 | $9.8M | $51,276 | — | $437K | $46K |
| 2011 | 195 | $9.5M | $48,805 | $134K | $437K | $47K |
| 2010 | 200 | $10.2M | $50,870 | $121K | $494K | $41K |
| 2009 | 190 | $9.8M | $51,358 | $125K | $595K | $39K |
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$7,783,010
- Employer contributions—
- Participant contributions$499,552
- Rollovers and other contributions—
- Total contributions$499,552
- Total income, including investment results$1,771,298
- Benefits paid$1,116,940
- Administrative expenses$73,419
- Total expenses$1,192,303
- Net income$578,995
- Net transfers$0
- Net assets, end of year$8,362,005
Participants
- Active participants168
- Retired or separated, receiving benefits1
- Retired or separated, entitled to future benefits62
- Participants with account balances209
- Total participants, end of year231
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| ADP, Inc. | Participant loan processing; Recordkeeping and information management | $30,816 | $0 |
| BDO USA , LLP | Recordkeeping and information management; Consulting (pension) | $29,260 | $0 |
| Creative Planning Holdco, LLC | Recordkeeping and information management; Consulting (pension); Trustee (bank, trust company, or similar financial institution); Other services | $20,053 | $0 |
| Mesirow Financial Inc. | Recordkeeping and information management; Consulting (pension); Trustee (bank, trust company, or similar financial institution); Other services | $6,630 | $0 |
| ADP Broker-Dealer | Sub-transfer agency fees; Shareholder servicing fees | $0 | $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
- Recordkeeping fees$60,077
- Investment advisory and management fees$13,342
- Total administrative expenses$73,419
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.
- Registered investment companies (mutual funds)$7.7M · 92.3%
- Common/collective trusts$588K · 7.0%
- Participant loans$54K · 0.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmBDO USA PC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 621399: Offices of all Other Miscellaneous Health Practitioners.
Other plans of Lester & Rosalie Anixter Center
| Plan | Participants | Net assets |
|---|---|---|
| The Center Bargaining Unit Retirement Plan | 123 | $4.7M |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Midwest Anesthesia Partners LLC 401(k) P/s Plan | Midwest Anesthesia Partners LLC | 232 | $140M | $602,144 |
| 403(b) Thrift Plan for Employees of Ecker Center for Behavioral Health, Inc. | Ecker Center for Behavioral Health, Inc. | 226 | $6.7M | $29,753 |
| Northern Illinois Food Bank Retirement Savings Plan | Northern Illinois Food Bank | 232 | $8.9M | $38,411 |
| Heartland Community Health Clinic 401(k) Plan | Heartland Community Health Clinic, Inc. | 222 | $6.4M | $28,855 |
| Snap Diagnostics LLC 401(k) Plan | Snap Diagnostics LLC | 234 | $2.0M | $8,752 |
| Aligned Modern Health 401(k) Plan | Damen 4 Management of Illinois, LLC | 220 | $2.7M | $12,328 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is Anixter Center Incentive Savings Plan?
231 participants at the end of the plan year ending 31 Dec 2024, of whom 168 were active employees, with net assets of $8,362,005. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Lester & Rosalie Anixter Center 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 $86,759 in compensation to service provider organisations, $376 per participant or 1.0% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $73,419. 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 Lester & Rosalie Anixter Center. Recordkeeping or administration: ADP, Inc., BDO USA , LLP and Creative Planning Holdco, LLC. Trustee or custodian: Creative Planning Holdco, LLC and Mesirow Financial Inc.. The financial statements were audited by BDO USA PC. 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 10 Oct 2025. 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 36-2244895, plan 001, received 10 Oct 2025; 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.