Plan Ledger DOL Form 5500 · updated monthly

Imon Communications, LLC401(k)

IMON COMMUNICATIONS RETIREMENT PLAN · CEDAR RAPIDS, IA · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Imon Communications, LLC reported $58,163 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,449 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 0.560%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Iowa (530th of 878), and 1,329th of 2,199 in information & media. In 2024, employees put in $2.22 for every $1.00 the employer contributed; active participation has grown from 160 to 234 since 2022.

Plan summary
Net assets, end of year$12,763,214
Participants with balances183
Active participants234
Employer contributions$572,954
Employee contributions$1,270,020
Employer contribution per active participant$2,449
Average account balance$69,744
Benefits paid to participants$561,692
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.8M · 183 accts · $573K emplr
2023$8.0M · 133 accts · $302K emplr
2022$6.3M · 105 accts · $683K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,163
Total administrative$58,163
The Imon Communications, LLC 401(k) match · 2024
Employer contribution per active participant$2,449
Median for plans this size$2,416
2024$2,449 per active participant
2023$1,445 per active participant
2022$4,266 per active participant

Imon Communications, 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 · 20241
HILLS BANK AND TRUST COMPANY · Trustee · Trustee (discretionary)$58,163

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$58,163 · 0.56%
2023$40,513 · 0.57%
2022$36,591 · 0.56%
Same employer
Similar plansInformation & Media · Iowa
Kingland Systems, LLC IA$32.0M · 0.04%
Nrg Media, LLC IA$12.3M · 0.24%
Carrier Access Inc. IA$7.1M · 0.01%
Communication Data Link IA$1.0M · 1.56%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 205426062 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.