Plan Ledger DOL Form 5500 · updated monthly

Icom America, Inc.401(k)

ICOM AMERICA, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST · KIRKLAND, WA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Icom America, Inc. reported $22,065 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. 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 0.15% to 0.12%. 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 753rd-largest of 1,714 plans among Washington employers on file, and the 6,390th of 13,661 in manufacturing. In 2024, employees put in $2.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,802,171
Participants with balances135
Active participants92
Employer contributions$299,456
Employee contributions$674,010
Employer contribution per active participant$3,255
Average account balance$131,868
Benefits paid to participants$1,683,397
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.8M · 135 accts · $299K emplr
2023$17.8M · 137 accts · $307K emplr
2022$15.7M · 143 accts · $293K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,180
Investment management$885
Total administrative$22,065
The Icom America, 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$3,373 per active participant
2022$3,082 per active participant

Icom America, 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 · 20243
MILLIMAN · Recordkeeping · Loan processing$20,818
INVESTMENT ADVISOR OPERATIONS · Investment advisory (plan)$885
MATRIX TRUST COMPANY · Custodial (securities) · Trustee (directed)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Milliman
2023Milliman

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$22,065 · 0.12%
2023$21,451 · 0.13%
2022$24,721 · 0.15%
Similar plansManufacturing · Washington
Addium, Inc. WA$18.3M · 0.53%
Achilles USA, Inc. WA$18.0M · 0.30%
Zak Designs, Inc. WA$17.6M · 0.40%
Idd Aerospace Corporation WA$17.3M · 0.02%
Aeries Enterprises, LLC WA$17.0M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911083924 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.