Plan Ledger DOL Form 5500 · updated monthly

Ibex Global Solutions, Inc.401(k)

TRG 401(K) PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.84%

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

Ibex Global Solutions, Inc. reported $95,265 in plan administrative expenses for 2024: 0.84% of average plan assets, higher than ~90% of peers. Employer contributions averaged $321 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 1.01% to 0.84%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in District of Columbia (404th of 618), and the 861st of 2,534 in administrative & support services. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has shrunk from 2,315 to 1,972 since 2022.

Plan summary
Net assets, end of year$12,733,212
Participants with balances278
Active participants1,972
Employer contributions$632,142
Employee contributions$1,296,492
Employer contribution per active participant$321
Average account balance$45,803
Benefits paid to participants$712,904
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.7M · 278 accts · $632K emplr
2023$9.9M · 279 accts · $641K emplr
2022$7.4M · 281 accts · $515K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,914
Investment management$37,351
Total administrative$95,265
The Ibex Global Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$321
Median for plans this size$2,416
2024$321 per active participant
2023$333 per active participant
2022$222 per active participant

Ibex Global Solutions, 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$45,393
IMA ADVISORY SERVICES, INC. · Investment advisory (plan)$37,345
ONEDIGITAL TOPCO LLC · Contract administrator · Other services$12,527

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$95,265 · 0.84%
2023$88,162 · 1.01%
2022$74,493 · 1.01%
Same employer
Similar plansAdministrative & Support Services · District of Columbia
Choctaw Global, LLC OK$12.8M · 0.74%
Basement Systems, Inc. CT$12.8M · 0.81%
Majorel USA, Inc. CA$12.8M · 0.42%
Virtual Incorporated MA$12.7M · 0.36%
Affiliated Monitoring, Inc. NY$12.7M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721583550 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.