Plan Ledger DOL Form 5500 · updated monthly

Iris Software Inc.401(k)

IRIS 401 (K) PLAN · EDISON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.25%

Iris Software Inc. reported $28,902 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. 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 0.11% to 0.25%. 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 New Jersey (1,337th of 2,419), and 7,048th of 11,654 in professional & technical services. active participation has shrunk from 544 to 365 since 2022.

Plan summary
Net assets, end of year$13,163,752
Participants with balances453
Active participants365
Employer contributions—
Employee contributions$2,784,156
Employer contribution per active participant—
Average account balance$29,059
Benefits paid to participants$1,163,012
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.2M · 453 accts
2023$10.2M · 194 accts
2022$11.1M · 239 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,771
Investment management$531
Total administrative$28,902
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
MML INSURANCE AGENCY, LLCindirect comp

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$28,902 · 0.25%
2023$13,497 · 0.13%
2022$13,181 · 0.11%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Thibaut Acquisition NJ$13.5M · 0.33%
Kenover Marketing Corp. NJ$13.5M · 0.41%
Semperis Technologies Inc NJ$13.5M · 0.26%
Thea Enterprises LLC NJ$13.3M · 0.39%
Advisors Mortgage Group NJ$13.1M · 0.15%
Marlabs, Inc NJ$13.0M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223424909 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.