Plan Ledger DOL Form 5500 · updated monthly

Cibt Inc401(k)

CIBT 401(K) RETIREMENT SAVINGS PLAN · MCLEAN, VA · plan year 2024

Reported admin expense ratio · 2024
0.48%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Cibt Inc reported $88,594 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,342 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.41% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,013th-largest of 2,266 plans among Virginia employers on file, and the 629th of 2,534 in administrative & support services. In 2024, employees put in $4.53 for every $1.00 the employer contributed; active participation has shrunk from 312 to 245 since 2022.

Plan summary
Net assets, end of year$19,455,431
Participants with balances328
Active participants245
Employer contributions$328,827
Employee contributions$1,491,219
Employer contribution per active participant$1,342
Average account balance$59,315
Benefits paid to participants$2,544,451
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.5M · 328 accts · $329K emplr
2023$17.7M · 430 accts · $466K emplr
2022$15.1M · 302 accts · $349K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$88,594
Total administrative$88,594
The Cibt Inc 401(k) match · 2024
Employer contribution per active participant$1,342
Median for plans this size$2,416
2024$1,342 per active participant
2023$1,201 per active participant
2022$1,119 per active participant

Cibt Inc's 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$88,593
PENSIONMARK RETIREMENT GROUP · Investment advisory (plan)indirect comp
ASSUREDPARTNERS INVESTMENT ADVISORS · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$88,594 · 0.48%
2023$72,614 · 0.44%
2022$67,396 · 0.41%
Same employer
Similar plansAdministrative & Support Services · Virginia
Gap Solutions, Inc. VA$21.9M · 0.67%
Kt Enterprises, Inc. VA$20.6M · 0.65%
Prosegur Sis USA, Inc. VA$20.5M · 1.28%
Transforce, Inc. VA$19.8M · 0.66%
Omega World Travel, Inc. VA$16.5M · 0.53%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 521631723 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.