Plan Ledger DOL Form 5500 · updated monthly

Innovative Consulting & Management Services, LLC401(k)

INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN · GAITHERSBURG, MD · plan year 2024

Reported admin expense ratio · 2024
1.23%

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

Innovative Consulting & Management Services, LLC reported $38,256 in plan administrative expenses for 2024: 1.23% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,998 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 1.02% to 1.23%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Maryland (1,391st of 1,671), and 10,334th of 11,654 in professional & technical services. In 2024, employees put in $1.16 for every $1.00 the employer contributed; active participation has shrunk from 135 to 100 since 2022.

Plan summary
Net assets, end of year$3,550,623
Participants with balances322
Active participants100
Employer contributions$299,776
Employee contributions$348,561
Employer contribution per active participant$2,998
Average account balance$11,027
Benefits paid to participants$169,111
Plan auditUnmodified (clean) audit opinion
AuditorDELEON AND STANG CPAS AND ADVISORS
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 322 accts · $300K emplr
2023$2.7M · 284 accts · $364K emplr
2022$2.0M · 223 accts · $275K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,256
Total administrative$38,256
The Innovative Consulting & Management Services, LLC 401(k) match · 2024
Employer contribution per active participant$2,998
Median for plans this size$1,313
2024$2,998 per active participant
2023$2,543 per active participant
2022$2,039 per active participant

Innovative Consulting & Management Services, LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20242
WILSHIRE ASSOCIATES INC(USA) · Investment advisory (participants)$633

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$38,256 · 1.23%
2023$29,915 · 1.28%
2022$18,499 · 1.02%
Similar plansProfessional & Technical Services · Maryland
The McConnell Group, Inc. MD$4.0M · 0.74%
Strativia, LLC MD$3.6M · 1.50%
Samcart MD$3.4M · 0.15%
Builders Design, LLC MD$3.3M · 0.46%
Telnet, Inc. MD$3.2M · 0.50%
Ciconix, LLC MD$3.1M · 1.06%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 262325953 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.