Plan Ledger DOL Form 5500 · updated monthly

Irisndt Inc.401(k)

IRISNDT INC. 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
1.01%

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

Irisndt Inc. reported $393,883 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~90% of peers. Employer contributions averaged $975 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 0.43% to 1.01%. 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 the 1,186th-largest of 5,688 plans among Texas employers on file, and the 3,149th of 11,654 in professional & technical services. In 2024, employees put in $2.19 for every $1.00 the employer contributed; active participation has grown from 1,144 to 1,603 since 2022.

Plan summary
Net assets, end of year$42,629,245
Participants with balances567
Active participants1,603
Employer contributions$1,563,677
Employee contributions$3,424,682
Employer contribution per active participant$975
Average account balance$75,184
Benefits paid to participants$3,262,075
Plan auditUnmodified (clean) audit opinion
AuditorSHEFFIELD, TRACKWELL & RAPP, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$42.6M · 567 accts · $1.6M emplr
2023$35.2M · 517 accts · $1.4M emplr
2022$27.0M · 455 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$179,657
Total administrative$393,883
The Irisndt Inc. 401(k) match · 2024
Employer contribution per active participant$975
Median for plans this size$2,416
2024$975 per active participant
2023$1,033 per active participant
2022$1,187 per active participant

Irisndt Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20243
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeeping · Investment managementindirect comp
MERRILL LYNCH - FAS · Investment advisory (participants)$49,129
MERRILL LYNCH - EPS · Investment advisory (participants)$49,129

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$393,883 · 1.01%
2023$138,189 · 0.44%
2022$120,613 · 0.43%
Same employer
Similar plansProfessional & Technical Services · Texas
Pmg Worldwide, LLC TX$43.7M · 0.03%
Compugroup Medical, Inc. TX$43.2M · 0.36%
Am Technical Solutions TX$42.4M · 0.18%
U.S. Legal Support, Inc. TX$42.2M · 0.39%
Melton & Melton, LLP TX$41.8M · 0.13%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 274155477 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.