Plan Ledger DOL Form 5500 · updated monthly

Intellectual Technology Inc401(k)

INTELLECTUAL TECHNOLOGY INC 401(K) PROFIT SHARING PLAN · CARLSBAD, CA · plan year 2024

Reported admin expense ratio · 2024
0.97%

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

Intellectual Technology Inc reported $50,586 in plan administrative expenses for 2024: 0.97% of average plan assets, higher than ~75% of peers. Employer contributions averaged $427 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 1.03% to 0.97%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (6,865th of 9,483), and 9,636th of 11,654 in professional & technical services. In 2024, employees put in $7.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,421,637
Participants with balances189
Active participants213
Employer contributions$90,976
Employee contributions$719,424
Employer contribution per active participant$427
Average account balance$28,686
Benefits paid to participants$1,018,376
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.4M · 189 accts · $91K emplr
2023$5.1M · 187 accts · $75K emplr
2022$4.8M · 176 accts · $84K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,586
Total administrative$50,586
The Intellectual Technology Inc 401(k) match · 2024
Employer contribution per active participant$427
Median for plans this size$1,313
2024$427 per active participant
2023$323 per active participant
2022$362 per active participant

Intellectual Technology 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$50,586

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

Recordkeeper by year2
2024ADP
2023ADP

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Administrative cost history3
2024$50,586 · 0.97%
2023$57,574 · 1.17%
2022$49,330 · 1.03%
Similar plansProfessional & Technical Services · California
Finix Payments, Inc. CA$5.5M · 0.15%
Secureframe Inc CA$5.4M · 0.14%
Inkling Systems, Inc. CA$5.4M · 0.49%
Pensando Systems, Inc. CA$5.4M · 0.09%
Sendbird, Inc CA$5.4M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841130227 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.