Plan Ledger DOL Form 5500 · updated monthly

Instrument Transformers, LLC401(k)

ITI 401(K) PLAN · CLEARWATER, FL · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Instrument Transformers, LLC reported $21,376 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,134 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 0.05% to 0.08%. 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 the 843rd-largest of 3,644 plans among Florida employers on file, and the 4,612th of 13,661 in manufacturing. In 2024, employees put in $2.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,893,816
Participants with balances456
Active participants579
Employer contributions$656,393
Employee contributions$1,355,789
Employer contribution per active participant$1,134
Average account balance$63,364
Benefits paid to participants$2,009,081
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.9M · 456 accts · $656K emplr
2023$25.7M · 442 accts · $651K emplr
2022$20.9M · 456 accts · $663K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,376
Total administrative$21,376
The Instrument Transformers, LLC 401(k) match · 2024
Employer contribution per active participant$1,134
Median for plans this size$2,416
2024$1,134 per active participant
2023$1,157 per active participant
2022$1,150 per active participant

Instrument Transformers, LLC's 2024 employer contribution ran below the $2,416 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 · 20241
ASCENSUS, LLC · Recordkeeping · Loan processing$21,376

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$21,376 · 0.08%
2023$31,203 · 0.13%
2022$11,277 · 0.05%
Same employer
Similar plansManufacturing · Florida
Signature Brands, LLC FL$30.7M · 0.07%
Monin, Inc. FL$29.8M · 0.03%
Oxbow Calcining LLC FL$29.3M · 0.05%
Madico, Inc. FL$28.1M · 0.04%
Allclear Management, Inc. FL$27.9M · 0.36%
Capstone Management, LLC FL$27.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591582077 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.