Plan Ledger DOL Form 5500 · updated monthly

Ikg USA, LLC401(k)

IKG USA, LLC 401(K) PLAN · CHANNELVIEW, TX · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Ikg USA, LLC reported $55,037 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,737 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 3 years on file its reported administrative ratio has held roughly steady near 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,762nd-largest of 5,688 plans among Texas employers on file, and 7,983rd of 13,661 in manufacturing. In 2024, employees put in $1.41 for every $1.00 the employer contributed; active participation has grown from 221 to 246 since 2022.

Plan summary
Net assets, end of year$12,169,369
Participants with balances268
Active participants246
Employer contributions$673,424
Employee contributions$949,283
Employer contribution per active participant$2,737
Average account balance$45,408
Benefits paid to participants$1,379,506
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.2M · 268 accts · $673K emplr
2023$10.8M · 244 accts · $644K emplr
2022$9.3M · 229 accts · $622K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,037
Total administrative$55,037
The Ikg USA, LLC 401(k) match · 2024
Employer contribution per active participant$2,737
Median for plans this size$2,416
2024$2,737 per active participant
2023$2,839 per active participant
2022$2,813 per active participant

Ikg USA, LLC's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$55,036
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$55,037 · 0.48%
2023$48,440 · 0.48%
2022$40,682 · 0.47%
Same employer
Similar plansManufacturing · Texas
Insightec Inc TX$12.3M · 0.59%
Metalforms, LTD TX$12.3M · 0.02%
Allied Power Group, LLC TX$12.3M · 0.41%
Solugen, Inc. TX$12.1M · 0.10%
Chemtrusion, Inc. TX$12.0M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 842520329 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.