Plan Ledger DOL Form 5500 · updated monthly

Ironmountain Solutions, Inc.401(k)

IMS 401(K) PLAN · HUNTSVILLE, AL · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Ironmountain Solutions, Inc. reported $82,466 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $8,011 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 fell from 0.23% to 0.19%. 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 149th-largest of 902 plans among Alabama employers on file, and the 2,913th of 11,654 in professional & technical services. In 2024, employees put in $1.41 for every $1.00 the employer contributed; active participation has grown from 298 to 334 since 2022.

Plan summary
Net assets, end of year$46,731,694
Participants with balances418
Active participants334
Employer contributions$2,675,814
Employee contributions$3,777,411
Employer contribution per active participant$8,011
Average account balance$111,798
Benefits paid to participants$3,906,215
Plan auditUnmodified (clean) audit opinion
AuditorBMSS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$46.7M · 418 accts · $2.7M emplr
2023$38.4M · 396 accts · $2.4M emplr
2022$29.2M · 363 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,247
Investment management$47,219
Total administrative$82,466
The Ironmountain Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$8,011
Median for plans this size$2,416
2024$8,011 per active participant
2023$7,484 per active participant
2022$7,319 per active participant

Ironmountain Solutions, 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
WAVERLY ADVISORS LLC · Investment advisory (plan)$47,219
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$35,247

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$82,466 · 0.19%
2023$72,505 · 0.21%
2022$69,231 · 0.23%
Same employer
Similar plansProfessional & Technical Services · Alabama
Intrepid Group, Inc. AL$61.7M · 0.29%
Goodwyn Mills Cawood, LLC AL$54.6M · 0.32%
Nlogic, Inc. AL$54.4M · 0.01%
Sigmatech, Inc. AL$49.0M · 0.07%
Qualis Corporation AL$45.7M · 0.28%
Sentar, Inc. AL$45.1M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263878694 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.