Plan Ledger DOL Form 5500 · updated monthly

Investment Corporation of America401(k)

INVESTMENT CORPORATION OF AMERICA PROFIT SHARING 401K PLAN · ODESSA, TX · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Investment Corporation of America reported $234,986 in plan administrative expenses for 2024: 0.21% of average plan assets, above the peer median. Employer contributions averaged $1,337 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 0.25% to 0.21%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 564th-largest of 5,688 plans among Texas employers on file, and the 883rd of 4,798 in finance & insurance. In 2024, employees put in $1.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$117,857,492
Participants with balances873
Active participants405
Employer contributions$541,631
Employee contributions$1,006,764
Employer contribution per active participant$1,337
Average account balance$135,003
Benefits paid to participants$9,325,836
Plan auditUnmodified (clean) audit opinion
AuditorWEAVER & TIDWELL
Plan history3
Yearassets · accounts · employer contribution
2024$117.9M · 873 accts · $542K emplr
2023$100.8M · 852 accts · $572K emplr
2022$88.4M · 851 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,645
Trustee / custodial$186,341
Total administrative$234,986
The Investment Corporation of America 401(k) match · 2024
Employer contribution per active participant$1,337
Median for plans this size$3,635
2024$1,337 per active participant
2023$1,555 per active participant
2022$5,018 per active participant

Investment Corporation of America's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · 20242
DEFINITI LLC · Recordkeeping$48,645
FROST BANK · Trustee · Trustee (directed)$186,341

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

Recordkeeper by year2
2024Definiti
2023Definiti

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

Administrative cost history3
2024$234,986 · 0.21%
2023$221,772 · 0.23%
2022$245,202 · 0.25%
Same employer
Similar plansFinance & Insurance · Texas
Bepco, L.P. TX$123.0M · 0.10%
Broadway Bancshares, Inc. TX$120.9M · 0.16%
Amarillo National Bank TX$118.5M · 0.17%
Kestra Financial, Inc. TX$115.4M · 0.11%
Colonial Savings, F.A. TX$107.9M · 0.07%
Austin Bank, Texas, N.A. TX$103.3M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751721974 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.