Plan Ledger DOL Form 5500 · updated monthly

Individual Management Consultant Inc.Profit-sharing plan

INDIVIDUAL MANAGEMENT CONSULTANT INC. RETIREMENT PLAN · PONCE, PR · plan year 2024

Reported admin expense ratio · 2024
1.42%

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

Individual Management Consultant Inc. reported $32,071 in plan administrative expenses for 2024: 1.42% of average plan assets, higher than ~90% of peers. Employer contributions averaged $402 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 2.34% to 1.42%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in PR (231st of 323), and 10,690th of 11,654 in professional & technical services. In 2024, employees put in $2.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,551,451
Participants with balances463
Active participants449
Employer contributions$180,318
Employee contributions$379,764
Employer contribution per active participant$402
Average account balance$5,511
Benefits paid to participants$145,415
Plan auditUnmodified (clean) audit opinion
AuditorOJEDA CPA GROUP PSC
Plan history3
Yearassets · accounts · employer contribution
2024$2.6M · 463 accts · $180K emplr
2023$2.0M · 577 accts · $177K emplr
2022$1.4M · 21 accts · $115K emplr
Employer contributions to the Individual Management Consultant Inc. plan · 2024
Employer contribution per active participant$402
Median for plans this size$1,313
2024$402 per active participant
2023$370 per active participant
2022$241 per active participant

Individual Management Consultant Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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
OJEDA CPA GROUP PSC · Accounting / audit$5,586
ORIENTAL BANK & TRUST · Trustee (directed)$2,502

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$32,071 · 1.42%
2023$12,657 · 0.76%
2022$40,553 · 2.34%
Similar plansProfessional & Technical Services · PR
J. Pica Y Cia LLC PR$2.8M · 1.52%
Pharmpix Corp PR$2.2M · 0.42%
Trafon Group, Inc PR$1.3M · 1.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 660674009 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.