Plan Ledger DOL Form 5500 · updated monthly

Industrial Painting LTD., Inc.401(k)

INDUSTRIAL PAINTING LTD., INC. 401(K) PLAN · BRIGHTON, TN · plan year 2025

Reported admin expense ratio · 2025
0.91%

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

Industrial Painting LTD., Inc. reported $41,941 in plan administrative expenses for 2025: 0.91% of average plan assets, higher than ~75% of peers. Employer contributions averaged $603 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 3 years on file its reported administrative ratio rose from 0.18% to 0.91%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Tennessee (1,088th of 1,496), and 3,667th of 4,246 in wholesale trade. In 2025, employees put in $1.85 for every $1.00 the employer contributed; active participation has shrunk from 242 to 211 since 2022.

Plan summary
Net assets, end of year$4,761,970
Participants with balances71
Active participants211
Employer contributions$127,291
Employee contributions$235,775
Employer contribution per active participant$603
Average account balance$67,070
Benefits paid to participants$655,279
Plan auditUnmodified (clean) audit opinion
AuditorHCJ CPAS AND ADVISORS, PLLC
Plan history4
Yearassets · accounts · employer contribution
2025$4.8M · 71 accts · $127K emplr
2024$4.4M · 76 accts · $135K emplr
2023$3.9M · 100 accts · $105K emplr
2022$3.4M · 102 accts · $126K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$20,138
Investment management$21,803
Total administrative$41,941
The Industrial Painting LTD., Inc. 401(k) match · 2025
Employer contribution per active participant$603
Median for plans this size$1,464
2025$603 per active participant
2024$2,247 per active participant
2023$558 per active participant
2022$519 per active participant

Industrial Painting LTD., Inc.'s 2025 employer contribution ran below the $1,464 median for plans its size, in the bottom quarter of its peers. 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
JOHN HANCOCK · Recordkeeping · Loan processing$20,232
FIRST HORIZON ADVISORS INC. · Trustee$16,031
LPL RETIREMENT PARTNERS · Investment advisory (plan)$5,678

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

Recordkeeper by year2
2025John Hancock
2024John Hancock

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

Administrative cost history4
2025$41,941 · 0.91%
2024$29,191 · 0.70%
2023$5,939 · 0.16%
2022$6,540 · 0.18%
Same employer
Similar plansWholesale Trade · Tennessee
Fusionsite Services LLC TN$6.1M · 1.10%
Rogers Petroleum, Inc. TN$6.1M · 0.43%
Pella Tennessee, LLC TN$6.0M · 0.69%
Hyosung Hico, LTD TN$5.8M · 0.41%
M&A Supply Company, Inc. TN$4.1M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621350273 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.