Plan Ledger DOL Form 5500 · updated monthly

Ibt, Inc.401(k)

CUMULUS 401(K) PROFIT SHARING PLAN · SHAWNEE MISSION, KS · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Ibt, Inc. reported $109,375 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $2,071 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 0.28% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 151st-largest of 828 plans among Kansas employers on file, and the 940th of 4,246 in wholesale trade. In 2024, employees put in $3.06 for every $1.00 the employer contributed; active participation has grown from 434 to 502 since 2022.

Plan summary
Net assets, end of year$44,066,899
Participants with balances629
Active participants502
Employer contributions$1,039,732
Employee contributions$3,178,887
Employer contribution per active participant$2,071
Average account balance$70,059
Benefits paid to participants$7,565,633
Plan auditUnmodified (clean) audit opinion
AuditorKELLER & OWENS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$44.1M · 629 accts · $1.0M emplr
2023$42.5M · 570 accts · $947K emplr
2022$33.3M · 406 accts · $747K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,970
Investment management$30,279
Total administrative$109,375
The Ibt, Inc. 401(k) match · 2024
Employer contribution per active participant$2,071
Median for plans this size$2,416
2024$2,071 per active participant
2023$2,006 per active participant
2022$1,722 per active participant

Ibt, Inc.'s 2024 employer contribution ran below 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 · 20243
FIDELITY WORKPLACE SERVICES, LLC · Plan administrator · Trustee (discretionary)$46,970
TWO WEST · Consulting$32,126
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$30,279

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$109,375 · 0.25%
2023$101,499 · 0.27%
2022$85,598 · 0.28%
Same employer
Similar plansWholesale Trade · Kansas
Heritage Tractor, Inc. KS$61.4M · 0.29%
Kanequip, Inc. KS$33.2M · 0.03%
Mid-State Group Inc. KS$26.2M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 440560729 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.