Plan Ledger DOL Form 5500 · updated monthly

Innosource, Inc.401(k)

INNOSOURCE, INC. 401(K) PLAN · DUBLIN, OH · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Innosource, Inc. reported $16,989 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $776 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 0.48% to 0.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Ohio (1,728th of 3,295), and the 840th of 2,534 in administrative & support services. In 2024, employees put in $2.04 for every $1.00 the employer contributed; active participation has grown from 328 to 541 since 2022.

Plan summary
Net assets, end of year$13,185,757
Participants with balances247
Active participants541
Employer contributions$419,767
Employee contributions$857,347
Employer contribution per active participant$776
Average account balance$53,384
Benefits paid to participants$2,316,394
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.2M · 247 accts · $420K emplr
2023$12.2M · 251 accts · $397K emplr
2022$10.9M · 242 accts · $392K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,989
Total administrative$16,989
The Innosource, Inc. 401(k) match · 2024
Employer contribution per active participant$776
Median for plans this size$2,416
2024$776 per active participant
2023$757 per active participant
2022$1,194 per active participant

Innosource, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
NATIONWIDE · Recordkeeping · Custodial (securities)$1,214
RETIREMENT PLANS, INC. · Recordkeeping · Pension consulting$698
PROACCOUNT · Investment advisory (participants)$5,736
RETIREMENT PLANS, INC. · Pension consulting · Investment management$5,657

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

Recordkeeper by year2
2024Nationwide, RETIREMENT PLANS, INC.
2023Nationwide, RETIREMENT PLANS, INC.

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Administrative cost history3
2024$16,989 · 0.13%
2023$64,896 · 0.56%
2022$58,397 · 0.48%
Same employer
Similar plansAdministrative & Support Services · Ohio
Unifund Ccr, LLC OH$14.8M · 0.40%
The Reserves Network, Inc. OH$13.6M · 0.32%
Fairwood Brands, LLC OH$12.3M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311655942 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.