Plan Ledger DOL Form 5500 · updated monthly

Intelligent Waves, LLC401(k)

INTELLIGENT WAVES, LLC 401(K) PLAN · RESTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Intelligent Waves, LLC reported $76,744 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $4,886 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 0.47% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 996th-largest of 2,266 plans among Virginia employers on file, and the 5,540th of 11,654 in professional & technical services. In 2024, employees put in $2.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,018,231
Participants with balances242
Active participants209
Employer contributions$1,021,094
Employee contributions$2,261,737
Employer contribution per active participant$4,886
Average account balance$82,720
Benefits paid to participants$4,615,691
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.0M · 242 accts · $1.0M emplr
2023$18.3M · 248 accts · $1.0M emplr
2022$13.4M · 217 accts · $847K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$76,744
Total administrative$76,744
The Intelligent Waves, LLC 401(k) match · 2024
Employer contribution per active participant$4,886
Median for plans this size$2,416
2024$4,886 per active participant
2023$3,784 per active participant
2022$3,729 per active participant

Intelligent Waves, LLC'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$76,744
NFP RETIREMENT INC. · Investment advisory (plan)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$76,744 · 0.40%
2023$64,654 · 0.41%
2022$73,946 · 0.47%
Same employer
Similar plansProfessional & Technical Services · Virginia
Evolver, LLC VA$20.1M · 0.01%
Purple Strategies, LLC VA$20.1M · 0.34%
Bcf Solutions Inc VA$20.0M · 0.46%
Glasser and Glasser, P.L.C. VA$20.0M · 0.31%
Riskspan, Inc. VA$19.9M · 0.01%
Eagle Fire Inc VA$19.7M · 0.18%
Ncs Technologies, Inc. VA$19.7M · 0.33%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 205613444 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.