Plan Ledger DOL Form 5500 · updated monthly

Identity Automation LP401(k)

IDENTITY AUTOMATION, LP 401(K) PLAN · HOUSTON, TX · plan year 2023

Reported admin expense ratio · 2023
0.43%

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

Identity Automation LP reported $27,044 in plan administrative expenses for 2023: 0.43% of average plan assets, below the peer median. Employer contributions averaged $1,721 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 1 year on file its reported administrative ratio rose from 0.36% to 0.43%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Texas (3,659th of 5,688), and 1,744th of 2,199 in information & media. In 2023, employees put in $5.10 for every $1.00 the employer contributed; active participation has shrunk from 103 to 79 since 2022.

Plan summary
Net assets, end of year$6,775,133
Participants with balances133
Active participants79
Employer contributions$135,969
Employee contributions$693,746
Employer contribution per active participant$1,721
Average account balance$50,941
Benefits paid to participants$852,613
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$6.8M · 133 accts · $136K emplr
2022$5.7M · 148 accts · $360K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$25,137
Investment management$1,907
Total administrative$27,044
The Identity Automation LP 401(k) match · 2023
Employer contribution per active participant$1,721
Median for plans this size$1,308
2023$1,721 per active participant
2022$3,498 per active participant

Identity Automation LP's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
TRI-AD ACTUARIES, INC. · Contract administrator · Loan processing$25,137

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

Administrative cost history3
2024Not separately reported
2023$27,044 · 0.43%
2022$20,617 · 0.36%
Same employer
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Unifocus Texas, LP TX$6.4M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202010272 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.