Plan Ledger DOL Form 5500 · updated monthly

Insulating Services, Inc.401(k)

INSULATING SERVICES, INC. 401(K) PROFIT SHARING PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Insulating Services, Inc. reported $31,902 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. Employer contributions averaged $302 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 0.55% to 0.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in North Carolina (1,349th of 2,005), and 3,694th of 5,337 in construction. In 2024, employees put in $5.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,379,863
Participants with balances121
Active participants217
Employer contributions$65,489
Employee contributions$365,909
Employer contribution per active participant$302
Average account balance$52,726
Benefits paid to participants$727,791
Plan auditUnmodified (clean) audit opinion
AuditorTHE HOBBS GROUP, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 121 accts · $65K emplr
2023$6.0M · 122 accts · $66K emplr
2022$6.3M · 124 accts · $47K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,156
Investment management$17,746
Total administrative$31,902
The Insulating Services, Inc. 401(k) match · 2024
Employer contribution per active participant$302
Median for plans this size$1,313
2024$302 per active participant
2023$287 per active participant
2022$219 per active participant

Insulating Services, Inc.'s 2024 employer contribution ran below the $1,313 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
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)$17,746

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$31,902 · 0.52%
2023$34,634 · 0.56%
2022$41,509 · 0.55%
Same employer
Similar plansConstruction · North Carolina
Southeast Mechanical LLC NC$7.1M · 0.47%
Gsm Services, Inc. NC$6.5M · 7.92%
Ferebee Corporation NC$6.3M · 0.22%
Ivester Investments, Inc. NC$6.2M · 1.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561052301 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.