Plan Ledger DOL Form 5500 · updated monthly

Iconma LLC401(k)

ICONMA LLC 401(K) PROFIT SHARING PLAN & TRUST · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.95%

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

Iconma LLC reported $72,201 in plan administrative expenses for 2024: 0.95% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 rose from 0.76% to 0.95%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Michigan (1,694th of 2,619), and 8,653rd of 11,654 in professional & technical services. active participation has shrunk from 1,378 to 1,190 since 2022.

Plan summary
Net assets, end of year$8,090,499
Participants with balances273
Active participants1,190
Employer contributions$0
Employee contributions$1,687,543
Employer contribution per active participant$0
Average account balance$29,636
Benefits paid to participants$2,047,483
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.1M · 273 accts
2023$7.2M · 345 accts
2022$5.5M · 252 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,005
Investment management$37,196
Total administrative$72,201
The Iconma LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Iconma LLC's 2024 employer contribution ran below the $1,313 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 · 20242
PAYCHEX, INC. · Recordkeeping$35,005
MERRILL LYNCH, PIERCE, FENNER · Investment advisory (plan)$37,196

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

Recordkeeper by year2
2024Paychex
2023Bank of America / Merrill, Paychex

This plan has changed recordkeepers within these filings. If you left Iconma LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$72,201 · 0.95%
2023$53,837 · 0.85%
2022$42,752 · 0.76%
Same employer
Similar plansProfessional & Technical Services · Michigan
Censys MI$8.2M · 0.11%
Lambert Global, LLC MI$8.1M · 0.65%
Optech, LLC MI$8.0M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383519215 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.