Plan Ledger DOL Form 5500 · updated monthly

Industrial Project Innovation, LLC401(k)

INDUSTRIAL PROJECT INNOVATION, LLC 401(K) PLAN · GREENVILLE, SC · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Industrial Project Innovation, LLC reported $47,308 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $4,010 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 391st-largest of 807 plans among South Carolina employers on file, and 3,782nd of 4,798 in finance & insurance. In 2024, employees put in $2.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,022,947
Participants with balances165
Active participants187
Employer contributions$749,903
Employee contributions$1,973,758
Employer contribution per active participant$4,010
Average account balance$72,866
Benefits paid to participants$925,571
Plan auditUnmodified (clean) audit opinion
AuditorELLIOT DAVIS, LLC
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,308
Total administrative$47,308
The Industrial Project Innovation, LLC 401(k) match · 2024
Employer contribution per active participant$4,010
Median for plans this size$2,416

Industrial Project Innovation, LLC's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
LINCOLN NATIONAL CORPORATION · Contract administrator$44,133

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

Administrative cost history1
2024$47,308 · 0.45%
Same employer
Similar plansFinance & Insurance · South Carolina
Grandsouth Bank SC$14.8M · 0.18%
The Cason Group, Inc SC$12.7M · 0.50%
Palmetto Solar, LLC SC$9.5M · 1.10%
Mtc Federal Credit Union SC$8.1M · 0.80%
Community First Bank SC$7.5M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454274955 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.