Illinois › Health care and social assistance › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Rehabilitation Institute of Chicago d/b/a Shirley Ryan Abilitylab 403(b) Retirement Plan
Sponsored by Rehabilitation Institute of Chicago DBA Shirley Ryan Abilitylab, 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.
Rehabilitation Institute of Chicago d/b/a Shirley Ryan Abilitylab 403(b) Retirement Plan is a 403(b) plan sponsored by Rehabilitation Institute of Chicago DBA Shirley Ryan Abilitylab of Chicago, Illinois. For the plan year ending 31 Dec 2024 it reported 498 participants, 269 of them active, and net assets of $53.4M.
Net assets came to $107,289 per participant, well above the $48,746 median for defined contribution plans with 250 to 499 participants and well 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 4 service provider organisations paid $5,000 or more, with reported compensation of $93K: $186 per participant, well above the same-size median of $141. Administrative expenses charged to the plan were $77K. 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 $17.5M in 2009 to $53.4M in 2024 (up 205%), and participants from 1,495 to 498 (down 67%).
The independent accountant's opinion on the financial statements was disclaimer, 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 | $107,289 | $48,746 | $30,764 | $53,102 |
| Employer contributions per active participant | — | $2,017 | $1,536 | $2,175 |
| Schedule C compensation per participant | $186 | $141 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 0.17% | 0.30% | 0.31% | 0.26% |
| Administrative expenses per participant | $154 | $133 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 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 | 498 | $53.4M | $107,289 | — | $1.5M | $93K |
| 2023 | 547 | $49.8M | $90,954 | — | $1.6M | $82K |
| 2022 | 574 | $45.4M | $79,009 | — | $1.7M | $81K |
| 2021 | 626 | $55.5M | $88,676 | — | $1.8M | $82K |
| 2020 | 668 | $49.4M | $73,906 | — | $1.8M | $75K |
| 2019 | 703 | $43.9M | $62,498 | — | $1.7M | $67K |
| 2018 | 780 | $38.2M | $49,026 | — | $1.8M | $29K |
| 2017 | 326 | $42.4M | $129,945 | — | $1.7M | $35K |
| 2016 | 912 | $37.9M | $41,603 | — | $1.8M | $111K |
| 2015 | 992 | $36.1M | $36,431 | — | $1.8M | $65K |
| 2014 | 1,100 | $35.9M | $32,623 | — | $1.9M | $87K |
| 2013 | 1,237 | $33.9M | $27,424 | — | $2.0M | $84K |
| 2012 | 1,882 | $27.7M | $14,742 | — | $3.0M | $208K |
| 2011 | 1,639 | $23.6M | $14,429 | — | $2.8M | $5,000 |
| 2010 | 1,543 | $21.6M | $14,007 | $0 | $2.4M | $9,000 |
| 2009 | 1,495 | $17.5M | $11,727 | $0 | $2.3M | $23K |
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$49,751,786
- Employer contributions—
- Participant contributions$1,542,325
- Rollovers and other contributions$392,038
- Total contributions$1,934,363
- Total income, including investment results$9,326,442
- Benefits paid$5,571,571
- Administrative expenses$76,592
- Total expenses$5,648,163
- Net income$3,678,279
- Net transfers$0
- Net assets, end of year$53,430,065
Participants
- Active participants269
- Retired or separated, receiving benefits15
- Retired or separated, entitled to future benefits213
- Participants with account balances357
- Total participants, end of year498
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Principal Life Insurance Company | Contract Administrator | $69,667 | $0 |
| Northwestern Mutual Wealth MGMT Co. | Investment advisory (plan) | $0 | $20,263 |
| Transamerica Retirement Solutions | Claims processing; Recordkeeping and information management; Investment management; Participant loan processing; Participant communication | $1,540 | $0 |
| Empower Annuity Ins. Co. of America | Recordkeeping fees | $1,361 | $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$69,668
- Trustee and custodial fees$4,024
- Recordkeeping fees$1,540
- Other administrative expenses$1,360
- Total administrative expenses$76,592
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)$31.1M · 58.1%
- Other investments$10.3M · 19.3%
- Pooled separate accounts$5.7M · 10.6%
- Insurance company general account$5.2M · 9.7%
- Cash (interest and non-interest bearing)$1.2M · 2.3%
Audit and compliance answers, as filed
- Accountant's opinionDisclaimer
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCrowe LLP
- 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
2LCode section 403(b)(1) arrangement (annuity contracts)2FERISA section 404(c) plan2GTotal participant-directed account plan2TTotal or partial participant-directed account plan with a default investment account3BPlan covering self-employed individuals
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 622000: Hospitals.
Other plans of Rehabilitation Institute of Chicago DBA Shirley Ryan Abilitylab
| Plan | Participants | Net assets |
|---|---|---|
| Rehabilitation Institute of Chicago d/b/a Shirley Ryan Abilitylab 401(k) Retirement Savings Plan | 2,850 | $150M |
| Retirement Plan for Employees of Rehabilitation Institute of Chicago | 1,682 | $203M |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Opticsplanet, Inc. 401(k) Profit Sharing Plan and Trust | Opticsplanet, Inc. | 499 | $10.8M | $21,641 |
| Chinese American Service League Retirement Plan | Chinese American Service League, Inc. | 492 | $7.1M | $14,494 |
| By Your Side, LLC 401(k) Plan | By Your Side, LLC | 499 | $2.0M | $4,020 |
| Greater Family Health 401(k) Plan | Greater Family Health | 485 | $17.6M | $36,332 |
| Esperanza Health Centers 401(k) Plan | Esperanza Health Centers | 501 | $16.4M | $32,739 |
| Memorial Hospital Employee's Tax Deferred Annuity Plan | Memorial Hospital Association | 484 | $12.3M | $25,504 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is Rehabilitation Institute of Chicago d/b/a Shirley Ryan Abilitylab 403(b) Retirement Plan?
498 participants at the end of the plan year ending 31 Dec 2024, of whom 269 were active employees, with net assets of $53,430,065. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does Rehabilitation Institute of Chicago DBA Shirley Ryan Abilitylab 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 $92,831 in compensation to service provider organisations, $186 per participant or 0.17% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $76,592. 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 Rehabilitation Institute of Chicago DBA Shirley Ryan Abilitylab. Recordkeeping or administration: Principal Life Insurance Company, Transamerica Retirement Solutions and Empower Annuity Ins. Co. of America. Investment advisory or management: Northwestern Mutual Wealth MGMT Co. and Transamerica Retirement Solutions. The financial statements were audited by Crowe 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 disclaimer opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. A disclaimer of opinion was the usual result of a limited-scope audit under the rules in force before 2021 and is not by itself a finding about the plan.
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 15 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 36-2256036, plan 002, received 15 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.