Plan Ledger DOL Form 5500 · updated monthly

International Medical Industries, Inc.401(k)

INTERNATIONAL MEDICAL INDUSTRIES, INC. 401(K) RETIREMENT PLAN · POMPANO BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.92%

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

International Medical Industries, Inc. reported $19,133 in plan administrative expenses for 2024: 0.92% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,522 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 0.85% to 0.92%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (3,033rd of 3,644), and 12,670th of 13,661 in manufacturing. In 2024, employees put in $1.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,316,314
Participants with balances130
Active participants138
Employer contributions$210,019
Employee contributions$380,567
Employer contribution per active participant$1,522
Average account balance$17,818
Benefits paid to participants$358,536
Plan auditUnmodified (clean) audit opinion
AuditorCITRIN COOPERMAN & COMPAN,LLP
Plan history3
Yearassets · accounts · employer contribution
2024$2.3M · 130 accts · $210K emplr
2023$1.9M · 111 accts · $209K emplr
2022$1.5M · 110 accts · $199K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,421
Investment management$712
Total administrative$19,133
The International Medical Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$1,522
Median for plans this size$1,313
2024$1,522 per active participant
2023$1,802 per active participant
2022$1,520 per active participant

International Medical Industries, Inc.'s 2024 employer contribution ran above 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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$712

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$19,133 · 0.92%
2023$16,112 · 0.97%
2022$12,146 · 0.85%
Same employer
Similar plansManufacturing · Florida
Jsm & Associates, LLC FL$2.5M · 0.86%
Ska Inc FL$2.4M · 0.53%
Jr Plastics FL$2.3M · 0.08%
Exxelia USA Inc FL$2.3M · 1.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650699701 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.