Plan Ledger DOL Form 5500 · updated monthly

Iri Consultants, Inc.401(k)

THE TRUSTEES OF IRI CONSULTANTS, INC. RETIREMENT PLAN · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Iri Consultants, Inc. reported $45,932 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $6,173 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Michigan (1,439th of 2,619), and 7,540th of 11,654 in professional & technical services. In 2024, employees put in $2.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,509,235
Participants with balances135
Active participants137
Employer contributions$845,659
Employee contributions$1,986,719
Employer contribution per active participant$6,173
Average account balance$85,254
Benefits paid to participants$2,553,425
Plan auditUnmodified (clean) audit opinion
AuditorLARSON & COMPANY, P.C.
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,694
Investment management$6,238
Total administrative$45,932
The Iri Consultants, Inc. 401(k) match · 2024
Employer contribution per active participant$6,173
Median for plans this size$2,416

Iri Consultants, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$39,694
LEAFHOUSE FINANCIAL ADVISORS, LLC · Investment advisory (plan)$6,237

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

Administrative cost history1
2024$45,932 · 0.44%
Same employer
Similar plansProfessional & Technical Services · Michigan
Rgbsi, Inc. MI$11.8M · 0.21%
Coretek, Inc. MI$11.3M · 0.60%
Dornerworks, LLC MI$11.0M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382349424 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.