Plan Ledger DOL Form 5500 · updated monthly

Ilpea Industries, Inc.401(k)

ILPEA INDUSTRIES 401(K) PLAN · SCOTTSBURG, IN · plan year 2023

Reported admin expense ratio · 2023
0.29%

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

Ilpea Industries, Inc. reported $113,909 in plan administrative expenses for 2023: 0.29% of average plan assets, above the peer median. Employer contributions averaged $1,925 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 0.29% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 334th-largest of 1,562 plans among Indiana employers on file, and the 3,579th of 13,661 in manufacturing. In 2023, the employer put in $1.19 for every $1.00 employees contributed themselves; active participation has grown from 533 to 618 since 2022.

Plan summary
Net assets, end of year$41,720,869
Participants with balances708
Active participants618
Employer contributions$1,189,615
Employee contributions$997,829
Employer contribution per active participant$1,925
Average account balance$58,928
Benefits paid to participants$2,022,303
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.9M · 633 accts · $1.2M emplr
2023$41.7M · 708 accts · $1.2M emplr
2022$36.1M · 746 accts · $1.2M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$64,603
Investment management$37,928
Trustee / custodial$11,378
Total administrative$113,909
The Ilpea Industries, Inc. 401(k) match · 2023
Employer contribution per active participant$1,925
Median for plans this size$2,440
2024$2,045 per active participant
2023$1,925 per active participant
2022$2,200 per active participant

Ilpea Industries, Inc.'s 2023 employer contribution ran below the $2,440 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 · 20233
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$64,603
PNC INSTITUTIONAL ASSET MANAGEMENT · Investment advisory (participants) · Investment advisory (plan)$37,928
NEWPORT TRUST COMPANY · Trustee$11,378

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

Recordkeeper by year2
2024Newport (Ascensus), T. Rowe Price
2023Newport (Ascensus)

This plan has changed recordkeepers within these filings. If you left Ilpea Industries, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$97,660 · 0.24%
2023$113,909 · 0.29%
2022$117,650 · 0.29%
Similar plansManufacturing · Indiana
Conn-Selmer, Inc. IN$43.3M · 0.41%
Morgan Foods, Inc. IN$42.2M · 0.23%
Phd, Inc. IN$41.7M · 0.15%
Farbest Foods, Inc. IN$40.6M · 0.32%
Muncie Power Products Inc. IN$39.3M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351764586 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.