Plan Ledger DOL Form 5500 · updated monthly

Ignitist, Inc.401(k)

IGNITIST, INC. 401(K) PROFIT SHARING PLAN AND TRUST · HARLEYSVILLE, PA · plan year 2023

Reported admin expense ratio · 2023
1.80%

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

Ignitist, Inc. reported $15,667 in plan administrative expenses for 2023: 1.80% of average plan assets, above the peer median. Employer contributions averaged $39 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 0.45% to 1.80%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Pennsylvania (3,516th of 3,651), and 4,727th of 4,798 in finance & insurance. In 2023, employees put in $59.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$969,518
Participants with balances144
Active participants138
Employer contributions$5,390
Employee contributions$319,013
Employer contribution per active participant$39
Average account balance$6,733
Benefits paid to participants$263,065
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$970K · 144 accts · $5K emplr
2022$773K · 132 accts · $160K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$10,667
Audit (IQPA)$5,000
Total administrative$15,667
The Ignitist, Inc. 401(k) match · 2023
Employer contribution per active participant$39
Median for plans this size$522
2023$39 per active participant
2022$1,229 per active participant

Ignitist, Inc.'s 2023 employer contribution ran below the $522 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$10,667
IGNITIST, INC · Accounting / audit$5,000

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$15,667 · 1.80%
2022$2,599 · 0.45%
Same employer
Similar plansFinance & Insurance · Pennsylvania
Amres Corporation PA$2.1M · 0.63%
T Alliance Holdings, Inc. PA$1.4M · 0.20%
Filo Mortgage, LLC PA$647K · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 833920222 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.