Plan Ledger DOL Form 5500 · updated monthly

Inoac USA, Inc.401(k)

INOAC USA 401(K) SAVINGS PLAN · BARDSTOWN, KY · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Inoac USA, Inc. reported $170,342 in plan administrative expenses for 2024: 0.28% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,487 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 0.35% to 0.28%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 95th-largest of 871 plans among Kentucky employers on file, and the 2,060th of 13,661 in manufacturing. In 2024, employees put in $2.35 for every $1.00 the employer contributed; active participation has grown from 476 to 1,145 since 2022.

Plan summary
Net assets, end of year$89,229,771
Participants with balances1,829
Active participants1,145
Employer contributions$1,702,405
Employee contributions$3,998,463
Employer contribution per active participant$1,487
Average account balance$48,786
Benefits paid to participants$7,191,656
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH & BROWN, PC
Plan history3
Yearassets · accounts · employer contribution
2024$89.2M · 1,829 accts · $1.7M emplr
2023$31.2M · 1,021 accts · $893K emplr
2022$25.3M · 970 accts · $678K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$148,606
Audit (IQPA)$21,736
Total administrative$170,342
The Inoac USA, Inc. 401(k) match · 2024
Employer contribution per active participant$1,487
Median for plans this size$3,635
2024$1,487 per active participant
2023$1,436 per active participant
2022$1,425 per active participant

Inoac USA, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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
ASCENSUS LLC · Loan processing · Recordkeeping$148,606
WITHUM SMITH BROWN · Accounting / audit$21,736

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$170,342 · 0.28%
2023$117,209 · 0.41%
2022$99,703 · 0.35%
Similar plansManufacturing · Kentucky
Perfetti van Melle USA Inc. KY$91.6M · 0.28%
Zeon Chemicals L. P. KY$91.0M · 0.07%
Toyotetsu America, Inc. KY$89.9M · 0.29%
Mubea, Inc. KY$87.7M · 0.13%
C. C. Clark, Inc. KY$73.6M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133355311 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.