Plan Ledger DOL Form 5500 · updated monthly

International Business & Technical Consultants401(k)

INTERNATIONAL BUSINESS & TECHNICAL CONSULTANTS, INC. 401K PLAN · VIENNA, VA · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

International Business & Technical Consultants reported $34,350 in plan administrative expenses for 2024: 0.53% of average plan assets, below the peer median. Employer contributions averaged $3,579 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 3 years on file its reported administrative ratio has held roughly steady near 0.526%. 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 Virginia (1,658th of 2,266), and 9,027th of 11,654 in professional & technical services. In 2024, employees put in $2.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,033,555
Participants with balances133
Active participants87
Employer contributions$311,373
Employee contributions$627,441
Employer contribution per active participant$3,579
Average account balance$52,884
Benefits paid to participants$690,599
Plan auditUnmodified (clean) audit opinion
AuditorGM ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 133 accts · $311K emplr
2023$6.0M · 128 accts · $156K emplr
2022$6.1M · 132 accts · $189K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,350
Total administrative$34,350
The International Business & Technical Consultants 401(k) match · 2024
Employer contribution per active participant$3,579
Median for plans this size$1,313
2024$3,579 per active participant
2023$1,858 per active participant
2022$2,272 per active participant

International Business & Technical Consultants's 2024 employer contribution ran above the $1,313 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$29,860
AMERICAN RETIREMENT PLAN SERVICES L · Contract administrator · Other services$4,489
ROYAL ALLIANCE ASSOCIATES, INC. · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · 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$34,350 · 0.53%
2023$31,244 · 0.52%
2022$35,707 · 0.53%
Similar plansProfessional & Technical Services · Virginia
Stratascor LLC VA$7.2M · 0.88%
Tsymmetry Inc. VA$7.1M · 0.66%
Lynch Consultants, LLC VA$7.0M · 0.11%
Droneup, LLC VA$6.9M · 0.93%
Flatter, Inc. VA$6.9M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621327398 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.