Plan Ledger DOL Form 5500 · updated monthly

Inter-Industry Conference on Auto Collision Repair D/B/A I-Car401(k)

I-CAR 401(K) PROFIT SHARING PLAN · HOFFMAN ESTATES, IL · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Inter-Industry Conference on Auto Collision Repair D/B/A I-Car reported $75,829 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $3,875 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 0.59% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,368th-largest of 3,702 plans among Illinois employers on file, and the 771st of 3,341 in other services. In 2024, employees put in $2.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,378,131
Participants with balances315
Active participants309
Employer contributions$1,197,410
Employee contributions$2,554,161
Employer contribution per active participant$3,875
Average account balance$90,089
Benefits paid to participants$2,147,520
Plan auditUnmodified (clean) audit opinion
AuditorMANN WEITZ
Plan history3
Yearassets · accounts · employer contribution
2024$28.4M · 315 accts · $1.2M emplr
2023$21.4M · 301 accts · $1.0M emplr
2022$17.6M · 292 accts · $645K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,609
Investment management$37,220
Total administrative$75,829
The Inter-Industry Conference on Auto Collision Repair D/B/A I-Car 401(k) match · 2024
Employer contribution per active participant$3,875
Median for plans this size$2,416
2024$3,875 per active participant
2023$3,496 per active participant
2022$2,264 per active participant

Inter-Industry Conference on Auto Collision Repair D/B/A I-Car's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$38,609
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)$35,625

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$75,829 · 0.30%
2023$147,172 · 0.76%
2022$108,519 · 0.59%
Same employer
Similar plansOther Services · Illinois
Metro East Industries, Inc. IL$29.1M · 0.30%
The Allendale Association IL$28.5M · 0.39%
Aisc Holdings, Inc. IL$28.1M · 0.01%
Mkd Electric LLC IL$27.4M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363117579 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.