Plan Ledger DOL Form 5500 · updated monthly

Industrial Builders, Inc.401(k)

INDUSTRIAL BUILDERS, INC. 401(K) PLAN · CALDWELL, ID · plan year 2022

Reported admin expense ratio · 2022
0.40%

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

Industrial Builders, Inc. reported $3,905 in plan administrative expenses for 2022: 0.40% of average plan assets, below the peer median. Employer contributions averaged $459 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 1 year on file its reported administrative ratio rose from 0.40% to 0.47%. The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Idaho (322nd of 349), and 5,074th of 5,337 in construction. In 2022, employees put in $3.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,143,318
Participants with balances114
Active participants245
Employer contributions$112,459
Employee contributions$346,098
Employer contribution per active participant$459
Average account balance$10,029
Benefits paid to participants$18,842
Plan auditDisclaimer of opinion
AuditorLARSON & COMPANY PC
Plan history2
Yearassets · accounts · employer contribution
2023$665K · 87 accts · $55K emplr
2022$1.1M · 114 accts · $112K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$3,905
Total administrative$3,905
The Industrial Builders, Inc. 401(k) match · 2022
Employer contribution per active participant$459
Median for plans this size$331
2023$833 per active participant
2022$459 per active participant

Industrial Builders, Inc.'s 2022 employer contribution ran above the $331 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 history2
2023$4,293 · 0.47%
2022$3,905 · 0.40%
Same employer
Similar plansConstruction · Idaho
Kemper Northwest Inc. ID$3.5M · 0.32%
Kit Homebuilders West LLC ID$3.3M · 0.13%
Hammers Utility Corp. MD$1.2M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208121767 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.