Public Accountability Report Public Accountability Report

2025 Deferred Compensation
Mission Statement To administer high-quality investment programs that enhance the prosperity of employees by providing an alternative pre-tax savings option for retirement.
Program Goals and Objectives
  1. Provide eligible employees additional opportunities to prepare for retirement.
    1. Establish a Roth 457 option for eligible employees to increase savings opportunities.
      1. Modify program rules and regulations to give participants full access to deferred compensation program benefits, as permitted under law.
        Source of Funds State Employees Deferred Compensation Plan Fund Statutory Authority 40 ILCS 5/24, IRS Code
        Fiscal Year 2026 Target/Projected Fiscal Year 2025 Actual Fiscal Year 2025 Target/Projected Fiscal Year 2024 Actual Fiscal Year 2023 Actual
        Input Indicators
        Total expenditures - all sources (in thousands) $ 1,624.3 $ 1,167.1 $ 1,497.6 $ 995.7 $ 779.6
        Total expenditures - state appropriated funds (in thousands) $ 1,624.3 $ 1,167.1 $ 1,497.6 $ 995.7 $ 779.6
        Average monthly full-time equivalents 9.0 8.0 9.0 6.0 4.0
        Output Indicators
        New program participants, pre-tax programs (a) 7,000 6,666 9,200 8,001 6,116
        Employees currently contributing, pre-tax programs 46,800 43,431 44,000 40,666 35,865
        Total program participants, pre-tax programs 75,700 71,436 75,000 69,943 63,586
        New program participants, post-tax programs 2,000 1,903 2,500 1,980 1,471
        Total program participants, post-tax programs 14,100 11,200 12,000 9,624 7,781
        Outcome Indicators
        Participant dollars deferred, pre-tax programs (in thousands) $ 247,652.0 $ 228,878.4 $ 211,000.0 $ 198,495.0 $ 185,783.3
        Average annual contribution by actively contributing employees, pre-tax programs (in dollars) $ 4,800.00 $ 4,766.00 $ 4,400.00 $ 4,448.00 $ 4,608.00
        Participant dollars deferred, post-tax programs (in thousands) $ 55,222.4 $ 42,032.9 $ 42,000.0 $ 31,902.0 $ 27,089.5
        Average annual contribution by employees, post-tax programs (in dollars) $ 4,700.00 $ 4,441.00 $ 3,900.00 $ 3,957.00 $ 4,100.00
        Efficiency/Cost-Effectiveness Indicators
        Average annual administrative cost per participant (in dollars) $ 16.30 $ 15.75 $ 15.70 $ 13.04 $ 11.72
        Footnotes
        The increase to new participants in fiscal year 2024 was irregular. Fiscal year 2025 figures represent a normalized increase.

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