Plan Ledger DOL Form 5500 · updated monthly

Inspection Experts, Inc.401(k)

INSPECTION EXPERTS, INC. 401(K) PLAN · COLUMBIA, MD · plan year 2022

Reported admin expense ratio · 2022
0.20%

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

Inspection Experts, Inc. reported $7,386 in plan administrative expenses for 2022: 0.20% of average plan assets, below the peer median. Employer contributions averaged $1,680 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 $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Maryland (1,403rd of 1,671), and 1,693rd of 2,534 in administrative & support services. In 2022, employees put in $1.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,351,451
Participants with balances91
Active participants107
Employer contributions$179,722
Employee contributions$356,800
Employer contribution per active participant$1,680
Average account balance$36,829
Benefits paid to participants$461,579
Plan auditUnmodified (clean) audit opinion
AuditorHBE LLP
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$7,386
Total administrative$7,386
The Inspection Experts, Inc. 401(k) match · 2022
Employer contribution per active participant$1,680
Median for plans this size$1,114

Inspection Experts, Inc.'s 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$7,386 · 0.20%
Similar plansAdministrative & Support Services · Maryland
The Ravens Group, Inc. MD$4.1M · 1.36%
Security 1 Solutions LLC MD$3.7M · 1.32%
Athena Consulting LLC MD$3.3M · 1.18%
A-Team Solutions, LLC MD$3.2M · 1.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201198884 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.