Plan Ledger DOL Form 5500 · updated monthly

Icp, Inc.401(k)

ICP, INC. 401(K) RETIREMENT SAVINGS PLAN · TIFFIN, OH · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Icp, Inc. reported $61,184 in plan administrative expenses for 2024: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $672 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 0.63% to 0.59%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Ohio (1,947th of 3,295), and the 2,528th of 5,215 in retail trade. In 2024, employees put in $6.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,582,433
Participants with balances153
Active participants142
Employer contributions$95,379
Employee contributions$607,675
Employer contribution per active participant$672
Average account balance$69,166
Benefits paid to participants$1,492,802
Plan auditUnmodified (clean) audit opinion
AuditorPLANTE AND MORAN, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.6M · 153 accts · $95K emplr
2023$10.1M · 144 accts · $90K emplr
2022$8.6M · 139 accts · $94K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,752
Investment management$25,432
Total administrative$61,184
The Icp, Inc. 401(k) match · 2024
Employer contribution per active participant$672
Median for plans this size$2,416
2024$672 per active participant
2023$674 per active participant
2022$707 per active participant

Icp, 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 · 20242
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$35,751
AMERITAS INVESTMENT CORP. · Investment advisory (plan)$25,432

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$61,184 · 0.59%
2023$55,598 · 0.60%
2022$61,031 · 0.63%
Same employer
Similar plansRetail Trade · Ohio
Grismer Tire Company OH$11.5M · 0.45%
Morris Furniture Co., Inc. OH$11.2M · 0.44%
Bob Boyd Auto Family OH$10.9M · 0.58%
Beck Suppliers, Inc. OH$10.7M · 0.67%
Mta Investments, Inc. OH$10.4M · 1.24%
Hissong Group, Inc. OH$10.3M · 0.36%
Metro Toyota OH$9.9M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341478474 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.