Plan Ledger DOL Form 5500 · updated monthly

Insurance Technologies, LLC401(k)

INSURANCE TECHNOLOGIES 401(K) SAVINGS PLAN · COLORADO SPRINGS, CO · plan year 2023

Reported admin expense ratio · 2023
0.24%

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

Insurance Technologies, LLC reported $58,939 in plan administrative expenses for 2023: 0.24% of average plan assets, below the peer median. Employer contributions averaged $3,256 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 fell from 0.30% to 0.16%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 400th-largest of 1,461 plans among Colorado employers on file, and the 4,490th of 11,654 in professional & technical services. In 2023, employees put in $3.88 for every $1.00 the employer contributed; active participation has grown from 150 to 171 since 2022.

Plan summary
Net assets, end of year$27,054,703
Participants with balances202
Active participants171
Employer contributions$556,828
Employee contributions$2,158,147
Employer contribution per active participant$3,256
Average account balance$133,934
Benefits paid to participants$3,088,230
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $241K emplr
2024$24.7M · 191 accts · $475K emplr
2023$27.1M · 202 accts · $557K emplr
2022$23.1M · 188 accts · $535K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$58,939
Total administrative$58,939
The Insurance Technologies, LLC 401(k) match · 2023
Employer contribution per active participant$3,256
Median for plans this size$2,440
2024$2,686 per active participant
2023$3,256 per active participant
2022$3,570 per active participant

Insurance Technologies, LLC's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
AMERIPRISE FINANCIAL SERVICES LLCindirect comp

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

Administrative cost history4
2025Not separately reported
2024$41,902 · 0.16%
2023$58,939 · 0.24%
2022$76,274 · 0.30%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 203587415 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.