Plan Ledger DOL Form 5500 · updated monthly

Ipl US Holding Company401(k)

IPL US HOLDING COMPANY 401(K) RETIREMENT PLAN · LEES SUMMIT, MO · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Ipl US Holding Company reported $147,584 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $1,625 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 0.41% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 347th-largest of 1,393 plans among Missouri employers on file, and the 3,415th of 13,661 in manufacturing. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$44,600,927
Participants with balances624
Active participants851
Employer contributions$1,382,626
Employee contributions$2,142,685
Employer contribution per active participant$1,625
Average account balance$71,476
Benefits paid to participants$4,011,406
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$44.6M · 624 accts · $1.4M emplr
2023$40.2M · 598 accts · $1.3M emplr
2022$35.7M · 621 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$139,569
Audit (IQPA)$21,700
Total administrative$147,584
The Ipl US Holding Company 401(k) match · 2024
Employer contribution per active participant$1,625
Median for plans this size$2,416
2024$1,625 per active participant
2023$1,283 per active participant
2022$1,358 per active participant

Ipl US Holding Company's 2024 employer contribution ran below the $2,416 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 · 20243
PENTEGRA SERVICES, INC. · Contract administrator$69,954
RUBIN BROWN LLP · Accounting / audit$21,700

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$147,584 · 0.35%
2023$143,436 · 0.38%
2022$155,927 · 0.41%
Similar plansManufacturing · Missouri
Stupp Bros., Inc. MO$46.7M · 0.25%
Tacony Corporation MO$46.3M · 0.39%
Quaker Window Products Co MO$46.1M · 0.39%
Lico, Inc. MO$45.7M · 0.23%
The Durham Co. MO$44.2M · 0.06%
Tnemec Company, Inc. MO$44.2M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 412281233 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.