Plan Ledger DOL Form 5500 · updated monthly

Ibaset, Inc.401(k)

IBASET, INC. SAVINGS PLAN · LAKE FOREST, CA · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Ibaset, Inc. reported $55,656 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $3,255 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 0.22% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 2,590th-largest of 9,483 plans among California employers on file, and the 4,023rd of 11,654 in professional & technical services. In 2024, employees put in $4.70 for every $1.00 the employer contributed; active participation has shrunk from 163 to 127 since 2022.

Plan summary
Net assets, end of year$31,374,777
Participants with balances215
Active participants127
Employer contributions$413,422
Employee contributions$1,944,001
Employer contribution per active participant$3,255
Average account balance$145,929
Benefits paid to participants$5,605,394
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM
Plan history3
Yearassets · accounts · employer contribution
2024$31.4M · 215 accts · $413K emplr
2023$29.8M · 223 accts · $430K emplr
2022$25.6M · 221 accts · $431K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,656
Total administrative$55,656
The Ibaset, Inc. 401(k) match · 2024
Employer contribution per active participant$3,255
Median for plans this size$2,416
2024$3,255 per active participant
2023$2,776 per active participant
2022$2,644 per active participant

Ibaset, Inc.'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$55,655
CONCURRENT INVESTMENT ADVISORS, LLC · 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$55,656 · 0.18%
2023$51,023 · 0.18%
2022$60,960 · 0.22%
Similar plansProfessional & Technical Services · California
Cribl Inc CA$31.6M · 0.15%
Tessitura Network, Inc. CA$31.4M · 0.34%
Taskrabbit, Inc. CA$31.4M · 0.29%
David&Goliath, LLC CA$31.3M · 0.53%
4 Over International, LLC CA$31.2M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473890327 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.