Plan Ledger DOL Form 5500 · updated monthly

Industrial Group Intermediate Holdings, LLC401(k)

INDUSTRIAL GROUP INTERMEDIATE HOLDINGS, LLC RETIREMENT SAVINGS PLAN · RYE, NY · plan year 2023

Reported admin expense ratio · 2023
0.05%

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

Industrial Group Intermediate Holdings, LLC reported $4,776 in plan administrative expenses for 2023: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,556 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 0.04% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New York (3,498th of 5,648), and 8,442nd of 13,661 in manufacturing. In 2023, employees put in $1.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,806,983
Participants with balances155
Active participants110
Employer contributions$391,111
Employee contributions$521,592
Employer contribution per active participant$3,556
Average account balance$69,722
Benefits paid to participants$1,096,685
Plan auditUnmodified (clean) audit opinion
AuditorMJF & ASSOCIATES
Plan history2
Yearassets · accounts · employer contribution
2023$10.8M · 155 accts · $391K emplr
2022$9.3M · 160 accts · $299K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,776
Total administrative$4,776
The Industrial Group Intermediate Holdings, LLC 401(k) match · 2023
Employer contribution per active participant$3,556
Median for plans this size$2,440
2023$3,556 per active participant
2022$2,534 per active participant

Industrial Group Intermediate Holdings, LLC's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$4,776
UBS FINANCIAL SERVICES INC · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history2
2023$4,776 · 0.05%
2022$4,174 · 0.04%
Same employer
Similar plansManufacturing · New York
Ascent Pharmaceuticals Inc. NY$11.1M · 0.08%
Syntec Technologies, Inc. NY$11.0M · 0.36%
J.N. White Associates, Inc. NY$10.8M · 0.41%
Turn on Products, Inc. NY$10.7M · 0.70%
Harbec Inc NY$10.7M · 0.42%
Sepac, Inc NY$10.7M · 0.54%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 465377299 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.