Plan Ledger DOL Form 5500 · updated monthly

In'Tech Industries, Inc.401(k)

IN'TECH INDUSTRIES INCORPORATED 401(K) P/S PLAN · RAMSEY, MN · plan year 2022

Reported admin expense ratio · 2022
1.06%

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

In'Tech Industries, Inc. reported $46,016 in plan administrative expenses for 2022: 1.06% of average plan assets, higher than ~75% of peers. Employer contributions averaged $929 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,657th of 1,918), and 11,730th of 13,661 in manufacturing. In 2022, employees put in $3.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,021,587
Participants with balances98
Active participants102
Employer contributions$94,745
Employee contributions$325,645
Employer contribution per active participant$929
Average account balance$41,037
Benefits paid to participants$258,123
Plan auditUnmodified (clean) audit opinion
AuditorDS&B, LTD
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$14,593
Investment management$31,423
Total administrative$46,016
The In'Tech Industries, Inc. 401(k) match · 2022
Employer contribution per active participant$929
Median for plans this size$1,114

In'Tech Industries, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$46,016 · 1.06%
Same employer
Similar plansManufacturing · Minnesota
Key Surgical LLC MN$4.4M · 0.03%
Puris Holdings LLC MN$4.2M · 0.93%
Safety Rail Company, LLC MN$4.2M · 1.05%
Mactech, Inc. MN$4.1M · 0.19%
Metro Mold & Design Inc. MN$4.0M · 0.49%
Heggies Pizza, LLC MN$3.8M · 0.16%
Pearsons Candy Co. MN$3.8M · 0.91%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411714506 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.