Plan Ledger DOL Form 5500 · updated monthly

Ipex USA, LLC.401(k)

IPEX USA LLC SAVINGS PLAN · · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Ipex USA, LLC. reported $103,182 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $1,988 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 0.183%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,657th of 13,661 in manufacturing. In 2024, employees put in $1.41 for every $1.00 the employer contributed; active participation has grown from 1,127 to 2,350 since 2022.

Plan summary
Net assets, end of year$63,598,556
Participants with balances1,832
Active participants2,350
Employer contributions$4,672,289
Employee contributions$6,592,032
Employer contribution per active participant$1,988
Average account balance$34,715
Benefits paid to participants$5,744,164
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$63.6M · 1,832 accts · $4.7M emplr
2023$49.4M · 1,434 accts · $3.5M emplr
2022$37.2M · 1,056 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,022
Investment management$24,160
Total administrative$103,182
The Ipex USA, LLC. 401(k) match · 2024
Employer contribution per active participant$1,988
Median for plans this size$3,635
2024$1,988 per active participant
2023$2,404 per active participant
2022$2,198 per active participant

Ipex USA, LLC.'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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$79,022
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$24,160

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$103,182 · 0.18%
2023$71,551 · 0.17%
2022$69,054 · 0.18%
Same employer
Similar plansManufacturing
Adac Plastics, Inc. MI$63.7M · 0.32%
Kth Parts Industries, Inc. OH$63.7M · 0.05%
The Ritedose Corporation SC$63.7M · 0.38%
Gc America Inc. IL$63.6M · 0.18%
Kind, Inc. NY$63.5M · 0.20%
Buckeye Corrugated, Inc. OH$63.4M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510368062 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.