Plan Ledger DOL Form 5500 · updated monthly

Industrial Inspection & Analysis, Inc.401(k)

IIA 401(K) PLAN · MINNETONKA, MN · plan year 2024

Reported admin expense ratio · 2024
0.89%

Industrial Inspection & Analysis, Inc. reported $91,974 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~90% of peers. 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 0.80% to 0.89%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Minnesota (1,254th of 1,918), and 7,730th of 11,654 in professional & technical services. active participation has grown from 356 to 468 since 2022.

Plan summary
Net assets, end of year$10,882,252
Participants with balances199
Active participants468
Employer contributions—
Employee contributions$1,139,000
Employer contribution per active participant—
Average account balance$54,685
Benefits paid to participants$1,276,775
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.9M · 199 accts
2023$9.8M · 200 accts · $2K emplr
2022$8.1M · 197 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,974
Total administrative$91,974
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.

Administrative cost history3
2024$91,974 · 0.89%
2023$79,999 · 0.89%
2022$72,073 · 0.80%
Same employer
Similar plansProfessional & Technical Services · Minnesota
Cvrx, Inc. MN$11.7M · 0.45%
Logic Information Systems MN$11.4M · 0.43%
Taj Technologies, Inc. MN$9.5M · 0.56%
Curious Plot, LLC MN$8.7M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473920420 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.