Plan Ledger DOL Form 5500 · updated monthly

Iron Horse Tools, Inc.401(k)

IRON HORSE TOOLS, INC. 401(K) PLAN · CORPUS CHRISTI, TX · plan year 2023

Reported admin expense ratio · 2023
0.51%

Iron Horse Tools, Inc. reported $6,041 in plan administrative expenses for 2023: 0.51% of average plan assets, above 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 1 year on file its reported administrative ratio rose from 0.15% to 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in Texas (5,194th of 5,688), and 585th of 612 in mining, oil & gas extraction.

Plan summary
Net assets, end of year$1,224,504
Participants with balances92
Active participants135
Employer contributions—
Employee contributions$194,294
Employer contribution per active participant—
Average account balance$13,310
Benefits paid to participants$269,754
Plan auditUnmodified (clean) audit opinion
AuditorGF VALDEZ, P.C.
Plan history2
Yearassets · accounts · employer contribution
2023$1.2M · 92 accts
2022$1.1M · 104 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$6,041
Total administrative$6,041
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,170

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

Administrative cost history2
2023$6,041 · 0.51%
2022$1,768 · 0.15%
Similar plansMining, Oil & Gas Extraction · Texas
Fordyce Holdings, Inc. TX$1.7M · 0.01%
Line Quest, LLC TX$1.6M · 1.31%
Petrostar Services LLC TX$763K · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 862203426 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.