Plan Ledger DOL Form 5500 · updated monthly

Ims Gear Holding Inc401(k)

IMS GEAR HOLDING INC 401K PLAN & TRUST · GAINESVILLE, GA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Ims Gear Holding Inc reported $19,822 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $3,040 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 0.13%. 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 956th-largest of 2,160 plans among Georgia employers on file, and the 6,594th of 13,661 in manufacturing. In 2024, employees put in $1.00 for every $1.00 the employer contributed; active participation has grown from 396 to 448 since 2022.

Plan summary
Net assets, end of year$16,913,285
Participants with balances364
Active participants448
Employer contributions$1,361,752
Employee contributions$1,363,386
Employer contribution per active participant$3,040
Average account balance$46,465
Benefits paid to participants$2,567,381
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.9M · 364 accts · $1.4M emplr
2023$14.4M · 333 accts · $975K emplr
2022$12.1M · 321 accts · $636K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,822
Total administrative$19,822
The Ims Gear Holding Inc 401(k) match · 2024
Employer contribution per active participant$3,040
Median for plans this size$2,416
2024$3,040 per active participant
2023$2,327 per active participant
2022$1,605 per active participant

Ims Gear Holding Inc'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
ADP, INC. · Loan processing · Recordkeeping$19,821
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP, Bank of America / Merrill

This plan has changed recordkeepers within these filings. If you left Ims Gear Holding 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$19,822 · 0.13%
2023$16,589 · 0.13%
2022$15,810 · 0.12%
Same employer
Similar plansManufacturing · Georgia
Digirad Health Inc GA$17.2M · 0.35%
Sany America, Inc. GA$17.1M · 0.16%
Covey Equity Holdings, LLC GA$16.9M · 0.60%
Tingue, Brown & Co. GA$16.9M · 0.36%
Sk Battery America, Inc. GA$16.7M · 2.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582133406 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.