Plan Ledger DOL Form 5500 · updated monthly

International Business Sales & Services Corp.401(k)

IBSS 401(K) PLAN · SILVER SPRING, MD · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

International Business Sales & Services Corp. reported $49,258 in plan administrative expenses for 2024: 0.50% of average plan assets, below the peer median. Employer contributions averaged $2,997 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 0.33% to 0.50%. 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 Maryland (948th of 1,671), and 7,703rd of 11,654 in professional & technical services. In 2024, employees put in $2.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,969,227
Participants with balances282
Active participants208
Employer contributions$623,401
Employee contributions$1,285,580
Employer contribution per active participant$2,997
Average account balance$38,898
Benefits paid to participants$916,321
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.0M · 282 accts · $623K emplr
2023$8.8M · 151 accts · $525K emplr
2022$7.3M · 223 accts · $442K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,258
Total administrative$49,258
The International Business Sales & Services Corp. 401(k) match · 2024
Employer contribution per active participant$2,997
Median for plans this size$1,313
2024$2,997 per active participant
2023$2,409 per active participant
2022$1,940 per active participant

International Business Sales & Services Corp.'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.

Administrative cost history3
2024$49,258 · 0.50%
2023$22,675 · 0.28%
2022$22,366 · 0.33%
Similar plansProfessional & Technical Services · Maryland
Automated Precision, Inc. MD$11.5M · 0.19%
Caelum Research Corporation MD$10.9M · 0.37%
Marketbridge Corp. MD$10.8M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521765836 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.