Plan Ledger DOL Form 5500 · updated monthly

Ian Martin Pbc401(k)

IAN MARTIN PBC 401K PLAN · HOUSTON, TX · plan year 2023

Reported admin expense ratio · 2023
0.61%

Ian Martin Pbc reported $10,544 in plan administrative expenses for 2023: 0.61% of average plan assets, above the peer median. 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 1 year on file its reported administrative ratio rose from 0.50% to 0.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Texas (4,858th of 5,688), and 1,907th of 2,534 in administrative & support services.

Plan summary
Net assets, end of year$2,145,809
Participants with balances721
Active participants400
Employer contributions—
Employee contributions$791,872
Employer contribution per active participant—
Average account balance$2,976
Benefits paid to participants$432,479
Plan auditUnmodified (clean) audit opinion
AuditorKAHN LITWIN RENZA AND CO LTD
Plan history2
Yearassets · accounts · employer contribution
2023$2.1M · 721 accts
2022$1.3M · 498 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,722
Investment management$7,822
Total administrative$10,544
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$7,822
ADP, INC. · Recordkeeping$2,721
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.

Administrative cost history2
2023$10,544 · 0.61%
2022$5,404 · 0.50%
Similar plansAdministrative & Support Services · Texas
Redlee/Scs, Inc. TX$2.4M · 0.24%
Quivera Enterprises, LLC TX$2.3M · 0.06%
Tiger Sanitation, LLC TX$2.1M · 1.42%
Jmr Employees, LLC TX$2.1M · 0.88%

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Source: U.S. Department of Labor, Form 5500 series, EIN 980214122 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.