Plan Ledger DOL Form 5500 · updated monthly

Innovatus Imaging Corporation401(k)

INNOVATUS IMAGING CORPORATION 401(K) PLAN · PITTSBURG, PA · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Innovatus Imaging Corporation reported $44,917 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $3,386 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 3 years on file its reported administrative ratio has held roughly steady near 0.426%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Pennsylvania (2,154th of 3,651), and the 1,525th of 3,341 in other services. In 2024, employees put in $1.79 for every $1.00 the employer contributed; active participation has grown from 77 to 88 since 2022.

Plan summary
Net assets, end of year$11,473,960
Participants with balances123
Active participants88
Employer contributions$297,966
Employee contributions$533,520
Employer contribution per active participant$3,386
Average account balance$93,284
Benefits paid to participants$271,137
Plan auditUnmodified (clean) audit opinion
AuditorCOHEN & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 123 accts · $298K emplr
2023$9.6M · 124 accts · $262K emplr
2022$8.1M · 130 accts · $256K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,589
Investment management$18,328
Total administrative$44,917
The Innovatus Imaging Corporation 401(k) match · 2024
Employer contribution per active participant$3,386
Median for plans this size$2,416
2024$3,386 per active participant
2023$3,115 per active participant
2022$3,329 per active participant

Innovatus Imaging Corporation's 2024 employer contribution ran above 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 · 20244
EVERPAR ADVISORS, LLC · Investment advisory (plan)$15,435
EMPOWER ADVISORY GROUP · Investment management$3,777
EMPLOYEE BENEFITS GROUP, LLC · Contract administratorindirect comp

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$44,917 · 0.43%
2023$36,755 · 0.42%
2022$39,317 · 0.43%
Same employer
Similar plansOther Services · Pennsylvania
Paris Cleaners, Inc. PA$11.9M · 0.06%
D2 Asset Corp PA$11.4M · 0.08%
Jean Madeline, Inc. PA$11.4M · 0.43%
Hope International PA$11.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822120535 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.