Plan Ledger DOL Form 5500 · updated monthly

I-Corp401(k)

INGRAHAM GROUP 401(K) PLAN · BEAUMONT, TX · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

I-Corp reported $2,050 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,937 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 0.01% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,659th-largest of 5,688 plans among Texas employers on file, and 7,715th of 13,661 in manufacturing. In 2024, employees put in $2.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,001,804
Participants with balances118
Active participants115
Employer contributions$337,812
Employee contributions$709,886
Employer contribution per active participant$2,937
Average account balance$110,185
Benefits paid to participants$755,771
Plan auditUnmodified (clean) audit opinion
AuditorLAWRENCE, BLACKBURN, MEEK, MAXEY AN
Plan history3
Yearassets · accounts · employer contribution
2024$13.0M · 118 accts · $338K emplr
2023$11.2M · 116 accts · $276K emplr
2022$10.3M · 115 accts · $255K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,050
Total administrative$2,050
The I-Corp 401(k) match · 2024
Employer contribution per active participant$2,937
Median for plans this size$2,416
2024$2,937 per active participant
2023$2,579 per active participant
2022$2,344 per active participant

I-Corp's 2024 employer contribution ran above 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,050

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$2,050 · 0.02%
2023$1,594 · 0.01%
2022$1,694 · 0.01%
Similar plansManufacturing · Texas
Spr Packaging LLC TX$13.4M · 0.44%
Applied Concepts, Inc. TX$13.4M · 0.87%
Jm Texas Companies, LLC TX$13.0M · 0.64%
Lamberti USA, Inc. TX$13.0M · 0.08%
Holmes Foods Inc. TX$13.0M · 0.49%
Cs Beef Packers, LLC TX$12.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742200552 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.