Plan Ledger DOL Form 5500 · updated monthly

Industrial Technologies and Services, LLC401(k)

INGERSOLL RAND RETIREMENT SAVINGS PLAN · DAVIDSON, NC · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Industrial Technologies and Services, LLC reported $603,861 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $5,491 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 fell from 0.06% to 0.05%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 37th-largest of 2,005 plans among North Carolina employers on file, and the 240th of 13,661 in manufacturing. In 2024, employees put in $1.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,398,076,373
Participants with balances7,602
Active participants5,294
Employer contributions$29,067,673
Employee contributions$44,512,795
Employer contribution per active participant$5,491
Average account balance$183,909
Benefits paid to participants$192,714,004
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.4B · 7,602 accts · $29.1M emplr
2023$1.3B · 7,571 accts · $26.3M emplr
2022$1.1B · 7,279 accts · $24.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$280,077
Investment management$173,495
Audit (IQPA)$46,550
Total administrative$603,861
The Industrial Technologies and Services, LLC 401(k) match · 2024
Employer contribution per active participant$5,491
Median for plans this size$5,259
2024$5,491 per active participant
2023$5,045 per active participant
2022$5,058 per active participant

Industrial Technologies and Services, LLC's 2024 employer contribution ran above the $5,259 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 · 20245
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$285,160
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$173,495
BUCK GLOBAL LLC · Consulting$87,465
RUBIN BROWN LLP · Accounting / audit$46,550
FOLEY & LARDNER LLP · Legal$16,274

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$603,861 · 0.05%
2023$683,873 · 0.06%
2022$769,762 · 0.06%
Same employer
Similar plansManufacturing · North Carolina
Syngenta Corporation NC$2.0B · 0.01%
Sealed Air Corporation NC$1.5B · 0.04%
Vf Corporation NC$1.1B · 0.11%
Spx Enterprises, LLC NC$1.1B · 0.05%
Biomerieux, Inc. NC$1.1B · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760419383 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.