Plan Ledger DOL Form 5500 · updated monthly

Insource Technologies, Inc.401(k)

INSOURCE TECHNOLOGIES, INC. 401K RETIREMENT PLAN · PAULDING, OH · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Insource Technologies, Inc. reported $60,919 in plan administrative expenses for 2024: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,007 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 0.53% to 0.59%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (1,907th of 3,295), and 8,375th of 13,661 in manufacturing. In 2024, employees put in $1.22 for every $1.00 the employer contributed; active participation has shrunk from 238 to 190 since 2022.

Plan summary
Net assets, end of year$10,973,247
Participants with balances232
Active participants190
Employer contributions$381,238
Employee contributions$463,439
Employer contribution per active participant$2,007
Average account balance$47,298
Benefits paid to participants$880,271
Plan auditUnmodified (clean) audit opinion
AuditorREA & ASSOCIATES, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$11.0M · 232 accts · $381K emplr
2023$9.8M · 291 accts · $428K emplr
2022$7.6M · 277 accts · $401K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,184
Investment management$49,735
Total administrative$60,919
The Insource Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$2,007
Median for plans this size$2,416
2024$2,007 per active participant
2023$1,805 per active participant
2022$1,683 per active participant

Insource Technologies, 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.

Service providers · 20241
ALERUS RETIREMENT SOLUTIONS · Recordkeeping · Participant communication$60,919

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$60,919 · 0.59%
2023$45,247 · 0.52%
2022$42,476 · 0.53%
Same employer
Similar plansManufacturing · Ohio
Pmc Smart Solutions, LLC OH$11.0M · 0.17%
Julius Zorn, Inc. OH$11.0M · 0.18%
Millat Industries OH$11.0M · 0.43%
Kern-Liebers USA Inc. OH$10.9M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341847713 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.