Plan Ledger DOL Form 5500 · updated monthly

International Aerospace Coatings, Inc.401(k)

INTERNATIONAL AEROSPACE COATINGS, INC. 401(K) PLAN · SPOKANE, WA · plan year 2024

Reported admin expense ratio · 2024
1.18%

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

International Aerospace Coatings, Inc. reported $30,943 in plan administrative expenses for 2024: 1.18% of average plan assets, higher than ~75% of peers. Employer contributions averaged $729 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 rose from 0.74% to 1.18%. 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 Washington (1,491st of 1,714), and 4,502nd of 5,337 in construction. In 2024, employees put in $1.58 for every $1.00 the employer contributed; active participation has grown from 365 to 532 since 2022.

Plan summary
Net assets, end of year$3,111,562
Participants with balances286
Active participants532
Employer contributions$387,978
Employee contributions$612,114
Employer contribution per active participant$729
Average account balance$10,880
Benefits paid to participants$309,985
Plan auditUnmodified (clean) audit opinion
AuditorANASTASI MOORE MARTIN, PLCC
Plan history3
Yearassets · accounts · employer contribution
2024$3.1M · 286 accts · $388K emplr
2023$2.2M · 293 accts · $305K emplr
2022$1.5M · 238 accts · $252K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,943
Total administrative$30,943
The International Aerospace Coatings, Inc. 401(k) match · 2024
Employer contribution per active participant$729
Median for plans this size$1,313
2024$729 per active participant
2023$783 per active participant
2022$691 per active participant

International Aerospace Coatings, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$17,511
HICKS PENSION SERVICES-FRESNO · Recordkeeping · Loan processing$10,482
PROSPERITAS FINANCIAL LLC · Investment advisory (plan)$1,948

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

Recordkeeper by year2
2024HICKS PENSION SERVICES-FRESNO, Transamerica
2023HICKS PENSION SERVICES-FRESNO, Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$30,943 · 1.18%
2023$17,457 · 0.95%
2022$10,404 · 0.74%
Same employer
Similar plansConstruction · Washington
Skis Painting, Inc. WA$3.4M · 0.29%
Fast Water Heater Company WA$3.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911517966 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.