Plan Ledger DOL Form 5500 · updated monthly

Industrial Turnaround Corporation401(k)

INDUSTRIAL TURNAROUND CORPORATION 401(K)PLAN · CHESTER, VA · plan year 2024

Reported admin expense ratio · 2024
0.16%

Industrial Turnaround Corporation reported $84,910 in plan administrative expenses for 2024: 0.16% 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.

Across the 2 years on file its reported administrative ratio fell from 0.27% to 0.16%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 452nd-largest of 2,266 plans among Virginia employers on file, and the 2,573rd of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$55,087,458
Participants with balances591
Active participants461
Employer contributions—
Employee contributions$4,219,801
Employer contribution per active participant—
Average account balance$93,211
Benefits paid to participants$6,220,384
Plan auditUnmodified (clean) audit opinion
AuditorMEADOWS URQUHART
Plan history3
Yearassets · accounts · employer contribution
2024$55.1M · 591 accts
2023$50.1M · 577 accts
2022$43.0M · 582 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,910
Total administrative$84,910
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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$84,910
GLOBAL RETIREMENT PARTNERS LLC · Investment managementindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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 history3
2024$84,910 · 0.16%
2023$119,251 · 0.26%
2022$133,631 · 0.27%
All plans at this employer2
INDUSTRIAL TURNAROUND CORPORATION 401(K)PLAN401(k)
ITAC ESOP RETIREMENT PLAN AND TRUSTESOP
Same employer
Similar plansProfessional & Technical Services · Virginia
Criterion Systems, L.L.C VA$55.8M · 0.02%
Regulus Group, LLC VA$55.2M · 0.27%
Acuity, Inc. VA$54.0M · 0.33%
Fors Marsh Group, LLC VA$53.6M · 0.16%
Dev Technology Group, Inc VA$53.3M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541453225 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.