Plan Ledger DOL Form 5500 · updated monthly

Iplastics LLC401(k)

IPLASTICS LLC 401(K) PROFIT SHARING PLAN & TRUST · SAINT CHARLES, IL · plan year 2022

Reported admin expense ratio · 2022
0.64%

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

Iplastics LLC reported $56,649 in plan administrative expenses for 2022: 0.64% of average plan assets, above the peer median. Employer contributions averaged $1,492 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 0.66%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (2,599th of 3,702), and 9,642nd of 13,661 in manufacturing. In 2022, employees put in $1.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,061,998
Participants with balances278
Active participants238
Employer contributions$355,031
Employee contributions$573,813
Employer contribution per active participant$1,492
Average account balance$29,000
Benefits paid to participants$914,817
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 139 accts · $175K emplr
2023$6.9M · 186 accts · $285K emplr
2022$8.1M · 278 accts · $355K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$26,977
Investment management$29,672
Total administrative$56,649
The Iplastics LLC 401(k) match · 2022
Employer contribution per active participant$1,492
Median for plans this size$1,114
2024$1,117 per active participant
2023$1,406 per active participant
2022$1,492 per active participant

Iplastics LLC's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Paychex
2023CLEARWATER CAPITAL PARTNERS, Paychex

This plan has changed recordkeepers within these filings. If you left Iplastics LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$45,206 · 0.66%
2023$53,032 · 0.71%
2022$56,649 · 0.64%
Similar plansManufacturing · Illinois
Durex Industries IL$8.1M · 0.07%
Colony Display, LLC IL$8.1M · 0.04%
Pacific Bearing Corp. IL$8.1M · 0.41%
Morgan Li, LLC IL$8.1M · 0.08%
Abrasive-Form, LLC IL$7.8M · 0.32%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 272593452 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.