Plan Ledger DOL Form 5500 · updated monthly

Ironshore Pharmaceuticals Inc401(k)

IRONSHORE PHARMACEUTICALS INC. 401K AND PROFIT SHARING PLAN · MORRISVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Ironshore Pharmaceuticals Inc reported $61,618 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,706 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 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 925th-largest of 2,005 plans among North Carolina employers on file, and the 2,024th of 5,215 in retail trade. In 2024, employees put in $3.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,933,073
Participants with balances204
Active participants164
Employer contributions$771,832
Employee contributions$2,737,047
Employer contribution per active participant$4,706
Average account balance$68,299
Benefits paid to participants$1,870,786
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$13.9M · 204 accts · $772K emplr
2023$10.2M · 172 accts · $615K emplr
2022$5.6M · 156 accts · $534K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,257
Investment management$1,361
Total administrative$61,618
The Ironshore Pharmaceuticals Inc 401(k) match · 2024
Employer contribution per active participant$4,706
Median for plans this size$2,416
2024$4,706 per active participant
2023$3,775 per active participant
2022$3,516 per active participant

Ironshore Pharmaceuticals 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$61,617

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

Recordkeeper by year3
2025ADP
2024ADP
2023ADP

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

Administrative cost history4
2025Not separately reported
2024$61,618 · 0.51%
2023$34,442 · 0.43%
2022$18,234 · 0.43%
Same employer
Similar plansRetail Trade · North Carolina
Aeroflow Healthcare, Inc. NC$14.6M · 0.77%
Fleet Feet, Incorporated NC$14.2M · 0.60%
Sherrill, Inc. NC$14.0M · 0.64%
C.R.T.S., Inc. NC$14.0M · 0.36%
Tires Unlimited Inc. NC$13.1M · 0.48%
Mitchell Holding Co., Inc. NC$12.4M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320464445 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.