Plan Ledger DOL Form 5500 · updated monthly

I.C.S., Inc.401(k)

I.C.S., INC. 401(K) PROFIT SHARING PLAN AND TRUST · FREEPORT, TX · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

I.C.S., Inc. reported $62,723 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4 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 3 years on file its reported administrative ratio has held roughly steady near 0.514%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 2,663rd-largest of 5,688 plans among Texas employers on file, and 2,690th of 5,337 in construction. In 2024, employees put in $1065.53 for every $1.00 the employer contributed; active participation has shrunk from 575 to 470 since 2022.

Plan summary
Net assets, end of year$12,963,596
Participants with balances539
Active participants470
Employer contributions$1,821
Employee contributions$1,940,336
Employer contribution per active participant$4
Average account balance$24,051
Benefits paid to participants$1,664,498
Plan auditUnmodified (clean) audit opinion
AuditorLOUNEV ADVISORY SERVICES LLC
Plan history3
Yearassets · accounts · employer contribution
2024$13.0M · 539 accts · $2K emplr
2023$11.5M · 527 accts
2022$9.6M · 635 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,137
Investment management$44,586
Total administrative$62,723
The I.C.S., Inc. 401(k) match · 2024
Employer contribution per active participant$4
Median for plans this size$2,416

I.C.S., Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
COMPASS CORPORATE RETIREMENT SOLUTI · Recordkeeping · Trustee$44,585
ADP, INC. · Loan processing · Recordkeeping$18,137
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, COMPASS CORPORATE RETIREMENT SOLUTI
2023ADP, COMPASS CORPORATE RETIREMENT SOLUTI

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$62,723 · 0.51%
2023$57,775 · 0.55%
2022$50,220 · 0.51%
Same employer
Similar plansConstruction · Texas
Bar Constructors, Inc. TX$13.5M · 0.02%
First Texas Homes, Inc. TX$13.5M · 0.15%
Hull Associates, LLC TX$13.3M · 0.71%
Phillips/May Corporation TX$12.5M · 0.02%
Russell Marine LLC TX$12.1M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741750819 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.