Plan Ledger DOL Form 5500 · updated monthly

Industrial Fabricators, Inc.401(k)

INDUSTRIAL FABRICATORS, INC. 401(K) PLAN · GASTONIA, NC · plan year 2022

Reported admin expense ratio · 2022
0.73%

Industrial Fabricators, Inc. reported $16,912 in plan administrative expenses for 2022: 0.73% of average plan assets, above the peer median. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in North Carolina (1,760th of 2,005), and 12,758th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$2,149,064
Participants with balances747
Active participants371
Employer contributions—
Employee contributions$658,105
Employer contribution per active participant—
Average account balance$2,877
Benefits paid to participants$566,763
Plan auditUnmodified (clean) audit opinion
AuditorGREER WALKER LLP
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$16,912
Total administrative$16,912
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 history1
2022$16,912 · 0.73%
Similar plansManufacturing · North Carolina
Elkamet NC$2.4M · 1.21%
Ifab Corp NC$2.3M · 0.75%
Gray Metal South, Inc. NC$2.2M · 0.05%
Albaad USA, Inc. NC$2.0M · 1.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561879255 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.