Plan Ledger DOL Form 5500 · updated monthly

Independent Technologies, LLC401(k)

INDEPENDENT TECHNOLOGIES, LLC 401(K) PROFIT SHARING PLAN · BLAIR, NE · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Independent Technologies, LLC reported $40,287 in plan administrative expenses for 2024: 0.53% of average plan assets, below the peer median. Employer contributions averaged $1,929 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.

Across the 2 years on file its reported administrative ratio fell from 0.66% to 0.53%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Nebraska (408th of 565), and 9,814th of 13,661 in manufacturing. In 2024, employees put in $2.19 for every $1.00 the employer contributed; active participation has shrunk from 170 to 87 since 2022.

Plan summary
Net assets, end of year$7,681,063
Participants with balances143
Active participants87
Employer contributions$167,811
Employee contributions$367,131
Employer contribution per active participant$1,929
Average account balance$53,714
Benefits paid to participants$1,906,873
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 143 accts · $168K emplr
2023$7.5M · 107 accts · $177K emplr
2022$5.9M · 109 accts · $197K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,630
Investment management$20,657
Total administrative$40,287
The Independent Technologies, LLC 401(k) match · 2024
Employer contribution per active participant$1,929
Median for plans this size$1,313
2024$1,929 per active participant
2023$1,809 per active participant
2022$1,159 per active participant

Independent Technologies, LLC's 2024 employer contribution ran above the $1,313 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
SILVERSTONE ASSET MANAGEMENT, INC. · Recordkeeping · Trustee$20,656
ADP, INC. · Loan processing · Recordkeeping$19,630
ADP BROKER-DEALERindirect 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, SILVERSTONE ASSET MANAGEMENT, INC.
2023ADP, SILVERSTONE ASSET MANAGEMENT, INC.

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Administrative cost history3
2024$40,287 · 0.53%
2023$38,178 · 0.57%
2022$45,908 · 0.66%
Similar plansManufacturing · Nebraska
L.B.T., Inc. NE$8.9M · 0.03%
Mp Global Products, LLC NE$7.8M · 0.66%
Kzco, Inc. NE$7.6M · 0.31%
Bhj USA, LLC NE$7.4M · 0.20%
The James Skinner Co. NE$6.8M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470685933 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.