Plan Ledger DOL Form 5500 · updated monthly

Institute of Internal Auditors401(k)

INSTITUTE OF INTERNAL AUDITORS 401(K) PLAN · LAKE MARY, FL · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Institute of Internal Auditors reported $206,687 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $10,256 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 0.12% to 0.56%. 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 the 652nd-largest of 3,644 plans among Florida employers on file, and the 549th of 3,341 in other services. In 2024, employees put in $1.00 for every $1.00 the employer contributed; active participation has grown from 185 to 216 since 2022.

Plan summary
Net assets, end of year$39,660,466
Participants with balances330
Active participants216
Employer contributions$2,215,345
Employee contributions$2,217,754
Employer contribution per active participant$10,256
Average account balance$120,183
Benefits paid to participants$4,518,832
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.7M · 330 accts · $2.2M emplr
2023$34.7M · 311 accts · $2.4M emplr
2022$28.6M · 287 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$95,265
Investment management$111,422
Total administrative$206,687
The Institute of Internal Auditors 401(k) match · 2024
Employer contribution per active participant$10,256
Median for plans this size$2,416
2024$10,256 per active participant
2023$11,872 per active participant
2022$9,305 per active participant

Institute of Internal Auditors's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
NFP RETIREMENT · Investment advisory (plan)$111,422
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$95,265
NFP · Consultingindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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$206,687 · 0.56%
2023$194,548 · 0.62%
2022$37,248 · 0.12%
Same employer
Similar plansOther Services · Florida
Artis Naples, Inc. FL$43.9M · 0.21%
Med-Lab Supply Co., Inc. FL$41.3M · 0.15%
Ecn (US) Holdings Corp FL$37.5M · 0.13%
Ortho Benefits Corp FL$37.3M · 0.43%
One Spa World,Llc FL$35.9M · 0.40%
Power Services Group, Inc. FL$34.2M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 135532538 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.