Plan Ledger DOL Form 5500 · updated monthly

Innovative Management Concepts, Inc.401(k)

INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN · BLAIRSVILLE, GA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Innovative Management Concepts, Inc. reported $975 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,186 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 0.007% to 0.005%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 824th-largest of 2,160 plans among Georgia employers on file, and the 5,255th of 11,654 in professional & technical services. In 2024, employees put in $3.59 for every $1.00 the employer contributed; active participation has grown from 178 to 232 since 2022.

Plan summary
Net assets, end of year$21,690,115
Participants with balances230
Active participants232
Employer contributions$507,165
Employee contributions$1,821,214
Employer contribution per active participant$2,186
Average account balance$94,305
Benefits paid to participants$975,170
Plan auditUnmodified (clean) audit opinion
AuditorHANTZMON WIEBEL LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.7M · 230 accts · $507K emplr
2023$15.5M · 211 accts · $400K emplr
2022$11.8M · 207 accts · $340K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$975
Total administrative$975
The Innovative Management Concepts, Inc. 401(k) match · 2024
Employer contribution per active participant$2,186
Median for plans this size$2,416
2024$2,186 per active participant
2023$1,819 per active participant
2022$1,909 per active participant

Innovative Management Concepts, Inc.'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.

Administrative cost history3
2024$975 · 0.01%
2023$1,200 · 0.01%
2022$1,050 · 0.01%
Same employer
Similar plansProfessional & Technical Services · Georgia
Jabian, LLC GA$22.5M · 0.66%
Weissman PC GA$22.4M · 0.37%
Kenneth S. Nugent GA$22.4M · 0.63%
Mstiller LLC GA$21.3M · 0.33%
Proliant, Inc. GA$21.1M · 0.44%
Fineline Technologies, Inc. GA$20.7M · 0.37%
Fg Ventures, LLC GA$20.3M · 0.42%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 541516173 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.