Plan Ledger DOL Form 5500 · updated monthly

Innovative V, LLC401(k)

TOTAL PACKAGE HOCKEY 401(K) PLAN · DECATUR, AL · plan year 2022

Reported admin expense ratio · 2022
0.49%

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

Innovative V, LLC reported $2,296 in plan administrative expenses for 2022: 0.49% of average plan assets, below the peer median. Employer contributions averaged $938 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Alabama (878th of 902), and 3,024th of 3,091 in educational services. In 2022, employees put in $1.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$600,788
Participants with balances57
Active participants160
Employer contributions$150,061
Employee contributions$225,515
Employer contribution per active participant$938
Average account balance$10,540
Benefits paid to participants$30,762
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Professional / advisory$2,296
Total administrative$2,296
The Innovative V, LLC 401(k) match · 2022
Employer contribution per active participant$938
Median for plans this size$331

Innovative V, LLC's 2022 employer contribution ran above the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$2,296 · 0.49%
Similar plansEducational Services · Alabama
Madison Academy, Inc. AL$2.3M · 0.90%
Mars Hill Bible School AL$1.5M · 1.26%
Counseling in Schools Inc NY$626K · 2.06%
Heytutor CA$610K · 2.89%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710899425 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.