Plan Ledger DOL Form 5500 · updated monthly

Industrial Accessories Company401(k)

INDUSTRIAL ACCESSORIES COMPANY 401(K) PROFIT SHARING PLAN & TRUST · OVERLAND PARK, KS · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Industrial Accessories Company reported $56,535 in plan administrative expenses for 2024: 0.46% of average plan assets, above the peer median. Employer contributions averaged $1,559 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 0.25% to 0.46%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 406th-largest of 828 plans among Kansas employers on file, and 2,482nd of 4,246 in wholesale trade. In 2024, employees put in $3.04 for every $1.00 the employer contributed; active participation has grown from 202 to 319 since 2022.

Plan summary
Net assets, end of year$13,881,572
Participants with balances177
Active participants319
Employer contributions$497,318
Employee contributions$1,510,499
Employer contribution per active participant$1,559
Average account balance$78,427
Benefits paid to participants$610,027
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.9M · 177 accts · $497K emplr
2023$10.8M · 146 accts · $425K emplr
2022$8.5M · 113 accts · $368K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,103
Investment management$28,432
Total administrative$56,535
The Industrial Accessories Company 401(k) match · 2024
Employer contribution per active participant$1,559
Median for plans this size$2,416
2024$1,559 per active participant
2023$952 per active participant
2022$1,824 per active participant

Industrial Accessories Company'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 · 20242
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$28,103
CREATIVE PLANNING · Investment advisory (plan)$28,432

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$56,535 · 0.46%
2023$35,038 · 0.36%
2022$22,673 · 0.25%
Same employer
Similar plansWholesale Trade · Kansas
Wsm Industries KS$17.4M · 0.44%
C&C Sales, Inc. KS$16.6M · 0.60%
Tompkins Industries, Inc. KS$14.9M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 481039244 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.