Plan Ledger DOL Form 5500 · updated monthly

Ihc Construction Companies, L.L.C.401(k)

IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN · ELGIN, IL · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Ihc Construction Companies, L.L.C. reported $51,477 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $6,564 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 0.19% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,469th-largest of 3,702 plans among Illinois employers on file, and the 1,716th of 5,337 in construction. In 2024, employees put in $1.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,484,033
Participants with balances139
Active participants96
Employer contributions$630,142
Employee contributions$1,097,365
Employer contribution per active participant$6,564
Average account balance$183,338
Benefits paid to participants$1,583,456
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.5M · 139 accts · $630K emplr
2023$22.1M · 127 accts · $592K emplr
2022$19.9M · 123 accts · $517K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,021
Investment management$44,456
Total administrative$51,477
The Ihc Construction Companies, L.L.C. 401(k) match · 2024
Employer contribution per active participant$6,564
Median for plans this size$2,416
2024$6,564 per active participant
2023$5,859 per active participant
2022$5,446 per active participant

Ihc Construction Companies, L.L.C.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20243
ASCENSUS LLC · Loan processing · Recordkeeping$7,021
MERRILL LYNCH RETIREMENT & BENEFIT · Investment advisory (plan)$44,067

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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Administrative cost history3
2024$51,477 · 0.22%
2023$47,508 · 0.23%
2022$39,524 · 0.19%
Similar plansConstruction · Illinois
Fcl Builders, LLC IL$26.0M · 0.56%
Plote Construction, Inc. IL$24.9M · 0.06%
Kroeschell, Inc. IL$24.1M · 0.33%
Ac Johnston LTD. IL$23.9M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364487367 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.