Plan Ledger DOL Form 5500 · updated monthly

Industrial Ventilation, Inc401(k)

INDUSTRIAL VENTILATION, INC. 401(K) RETIREMENT PLAN · NAMPA, ID · plan year 2023

Reported admin expense ratio · 2023
0.40%

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

Industrial Ventilation, Inc reported $46,310 in plan administrative expenses for 2023: 0.40% of average plan assets, above the peer median. Employer contributions averaged $2,502 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 2 years on file its reported administrative ratio fell from 0.42% to 0.22%. 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 the 149th-largest of 349 plans among Idaho employers on file, and 7,869th of 13,661 in manufacturing. In 2023, employees put in $3.31 for every $1.00 the employer contributed; active participation has grown from 93 to 104 since 2022.

Plan summary
Net assets, end of year$12,514,702
Participants with balances105
Active participants104
Employer contributions$260,171
Employee contributions$861,540
Employer contribution per active participant$2,502
Average account balance$119,188
Benefits paid to participants$662,391
Plan auditUnmodified (clean) audit opinion
AuditorLEAVITT, CHRISTENSEN & CO.; PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 69 accts · $156K emplr
2023$12.5M · 105 accts · $260K emplr
2022$10.7M · 105 accts · $219K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$32,498
Investment management$13,812
Total administrative$46,310
The Industrial Ventilation, Inc 401(k) match · 2023
Employer contribution per active participant$2,502
Median for plans this size$2,440
2024$2,335 per active participant
2023$2,502 per active participant
2022$2,360 per active participant

Industrial Ventilation, Inc'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 · 20232
THE 401K SOURCE INC · Investment advisory (plan)$13,812
NEWPORT GROUP, INC. · Loan processing$9,553

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$23,042 · 0.22%
2023$46,310 · 0.40%
2022$46,687 · 0.42%
Similar plansManufacturing · Idaho
Advanced Input Devices, Inc ID$13.9M · 0.01%
T R Toppers, Inc. ID$13.6M · 0.58%
Idaho Pacific Holdings ID$13.1M · 0.79%
Buck Knives, Inc. ID$12.8M · 0.61%
Encoder Products Company ID$11.8M · 0.10%
Unitech Composites, Inc. ID$9.9M · 0.69%
Best Bath Systems, Inc. ID$9.9M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820293022 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.