Plan Ledger DOL Form 5500 · updated monthly

Ironroad, Inc.401(k)

IRONROAD, INC. RETIREMENT SAVINGS PLAN · CINCINNATI, OH · plan year 2024

Reported admin expense ratio · 2024
0.84%

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

Ironroad, Inc. reported $477,956 in plan administrative expenses for 2024: 0.84% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,157 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 0.60% to 0.84%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 550th-largest of 3,295 plans among Ohio employers on file, and the 258th of 2,534 in administrative & support services. In 2024, employees put in $1.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$61,520,169
Participants with balances776
Active participants957
Employer contributions$2,064,695
Employee contributions$3,523,984
Employer contribution per active participant$2,157
Average account balance$79,279
Benefits paid to participants$6,430,212
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$61.5M · 776 accts · $2.1M emplr
2023$51.9M · 765 accts · $1.8M emplr
2022$40.2M · 627 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$349,466
Investment management$108,740
Audit (IQPA)$19,750
Total administrative$477,956
The Ironroad, Inc. 401(k) match · 2024
Employer contribution per active participant$2,157
Median for plans this size$3,635
2024$2,157 per active participant
2023$1,839 per active participant
2022$1,390 per active participant

Ironroad, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size. 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
316 FIDUCIARY SERVICES · Recordkeeping · Named fiduciary$48,474
LINCOLN NATIONAL CORPORATION · Contract administrator$340,429
MCF ADVISORS LLC/STEVE WRIGHT · Investment advisory (plan)$108,740

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

Recordkeeper by year2
2024316 FIDUCIARY SERVICES
2023316 FIDUCIARY SERVICES

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

Administrative cost history3
2024$477,956 · 0.84%
2023$390,628 · 0.85%
2022$273,415 · 0.60%
Same employer
Similar plansAdministrative & Support Services · Ohio
Cbc Companies, Inc. OH$169.0M · 0.07%
Staffmark Group, LLC OH$149.1M · 0.25%
Health Carousel LLC OH$80.0M · 0.37%
Ctl Engineering, Inc. OH$42.0M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843886755 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.