Plan Ledger DOL Form 5500 · updated monthly

Irex Corporation401(k)

IREX CORPORATION EMPLOYEES' SAVINGS INCENTIVE PLAN · LANCASTER, PA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Irex Corporation reported $59,574 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $6,161 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 0.02% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 539th-largest of 3,651 plans among Pennsylvania employers on file, and the 714th of 5,337 in construction. In 2024, employees put in $1.42 for every $1.00 the employer contributed; active participation has shrunk from 327 to 283 since 2022.

Plan summary
Net assets, end of year$84,033,462
Participants with balances429
Active participants283
Employer contributions$1,743,621
Employee contributions$2,475,123
Employer contribution per active participant$6,161
Average account balance$195,882
Benefits paid to participants$8,782,470
Plan auditUnmodified (clean) audit opinion
AuditorRKL LLP
Plan history3
Yearassets · accounts · employer contribution
2024$84.0M · 429 accts · $1.7M emplr
2023$77.5M · 438 accts · $1.4M emplr
2022$70.6M · 414 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Investment management$59,574
Total administrative$59,574
The Irex Corporation 401(k) match · 2024
Employer contribution per active participant$6,161
Median for plans this size$3,635
2024$6,161 per active participant
2023$4,602 per active participant
2022$4,640 per active participant

Irex Corporation's 2024 employer contribution ran above the $3,635 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 · 20241
VANGUARD GROUP, INC. · Recordkeeping · Loan processing$59,574

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$59,574 · 0.07%
2023$48,276 · 0.07%
2022$18,083 · 0.02%
Same employer
Similar plansConstruction · Pennsylvania
Wagman Inc. PA$93.5M · 0.07%
Edwin L. Heim Company PA$88.2M · 0.15%
Worth & Company, Inc. PA$80.9M · 0.35%
Iron Workers Local 404 PA$75.3M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231712949 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.