Plan Ledger DOL Form 5500 · updated monthly

Incredible Technologies, Inc401(k)

INCREDIBLE TECHNOLOGIES, INC. 401(K) RETIREMENT & SAVINGS PLAN · VERNON HILLS, IL · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Incredible Technologies, Inc reported $12,263 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,809 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 rose from 0.01% to 0.03%. 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 1,036th-largest of 3,702 plans among Illinois employers on file, and the 3,522nd of 13,661 in manufacturing. In 2024, employees put in $4.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$42,638,843
Participants with balances282
Active participants233
Employer contributions$421,564
Employee contributions$1,686,250
Employer contribution per active participant$1,809
Average account balance$151,202
Benefits paid to participants$2,576,717
Plan auditUnmodified (clean) audit opinion
AuditorMILLER, COOPER & CO., LTD
Plan history3
Yearassets · accounts · employer contribution
2024$42.6M · 282 accts · $422K emplr
2023$37.6M · 289 accts · $378K emplr
2022$31.9M · 293 accts · $449K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,263
Total administrative$12,263
The Incredible Technologies, Inc 401(k) match · 2024
Employer contribution per active participant$1,809
Median for plans this size$2,416
2024$1,809 per active participant
2023$1,697 per active participant
2022$1,971 per active participant

Incredible Technologies, Inc's 2024 employer contribution ran below 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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$133,512

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Incredible Technologies, 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$12,263 · 0.03%
2023$5,314 · 0.02%
2022$4,604 · 0.01%
Same employer
Similar plansManufacturing · Illinois
Intermatic Incorporated IL$43.5M · 0.16%
Jel Sert Company IL$43.4M · 0.19%
Phoenix Closures, Inc. IL$43.3M · 0.20%
Westell Technologies, Inc. IL$42.9M · 0.20%
Union Partners I LLC IL$42.5M · 0.33%
Th Foods, Inc. IL$42.3M · 0.01%
W.R. Meadows, Inc. IL$42.2M · 0.04%
Flender Corporation IL$42.1M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363372092 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.