Plan Ledger DOL Form 5500 · updated monthly

Infrastructure Technology Services, Inc.401(k)

INFRASTRUCTURE TECHNOLOGY SERVICES 401(K) PLAN · YOUNGSVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.90%

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

Infrastructure Technology Services, Inc. reported $52,367 in plan administrative expenses for 2024: 0.90% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,896 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 0.95% to 0.90%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other utilities employers. By assets it is among the smaller plans on file in North Carolina (1,330th of 2,005), and 356th of 412 in utilities. In 2024, employees put in $1.60 for every $1.00 the employer contributed; active participation has grown from 250 to 294 since 2022.

Plan summary
Net assets, end of year$6,576,596
Participants with balances320
Active participants294
Employer contributions$557,446
Employee contributions$889,610
Employer contribution per active participant$1,896
Average account balance$20,552
Benefits paid to participants$719,949
Plan auditUnmodified (clean) audit opinion
AuditorBATCHELOR, TILLERY, & ROBERTS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 320 accts · $557K emplr
2023$5.1M · 289 accts · $499K emplr
2022$3.5M · 292 accts · $449K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,867
Investment management$12,500
Total administrative$52,367
The Infrastructure Technology Services, Inc. 401(k) match · 2024
Employer contribution per active participant$1,896
Median for plans this size$1,313
2024$1,896 per active participant
2023$1,790 per active participant
2022$1,796 per active participant

Infrastructure Technology Services, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20242
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$39,867
PNC INSTITUTIONAL ASSET MANAGEMENT · Investment advisory (plan)$12,500

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$52,367 · 0.90%
2023$33,047 · 0.77%
2022$31,953 · 0.95%
Same employer
Similar plansUtilities · North Carolina
Strata Solar, LLC NC$22.6M · 0.55%
Smart Wires Grid, Inc. NC$10.2M · 0.38%
Utili-Serve, LLC NC$9.8M · 0.82%
Key Capture Energy LLC NY$6.9M · 0.02%
Infratech Corporation GA$6.6M · 1.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510439191 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.