Plan Ledger DOL Form 5500 · updated monthly

Innovairre Holding Company, LLC401(k)

INNOVAIRRE COMMUNICATIONS RETIREMENT INCOME SAVINGS PLAN · CHERRY HILL, NJ · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Innovairre Holding Company, LLC reported $47,186 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,486 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 rose from 0.12% to 0.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 709th-largest of 2,419 plans among New Jersey employers on file, and the 3,906th of 13,661 in manufacturing. In 2024, employees put in $2.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,824,747
Participants with balances708
Active participants578
Employer contributions$858,947
Employee contributions$2,235,406
Employer contribution per active participant$1,486
Average account balance$52,012
Benefits paid to participants$4,549,178
Plan auditUnmodified (clean) audit opinion
AuditorBAKER NEWMAN NOYES LLC
Plan history3
Yearassets · accounts · employer contribution
2024$36.8M · 708 accts · $859K emplr
2023$34.4M · 725 accts
2022$30.0M · 665 accts · $776K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,146
Investment management$43,040
Total administrative$47,186
The Innovairre Holding Company, LLC 401(k) match · 2024
Employer contribution per active participant$1,486
Median for plans this size$2,416
2024$1,486 per active participant
2022$1,279 per active participant

Innovairre Holding Company, LLC's 2024 employer contribution ran below 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 · 20242
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$43,040
JPMORGAN INVEST HOLDINGS LLC$4,146

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$47,186 · 0.13%
2023$41,977 · 0.13%
2022$40,633 · 0.12%
Same employer
Similar plansManufacturing · New Jersey
Congoleum Acquisition LLC NJ$39.0M · 0.07%
Teknion LLC NJ$38.5M · 0.38%
Dwk Life Sciences LLC NJ$37.6M · 0.22%
Troy Corporation NJ$37.1M · 0.24%
The Echo Design Group, Inc. NJ$36.1M · 0.38%
Audiocodes, Inc. NJ$35.4M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813166551 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.