Plan Ledger DOL Form 5500 · updated monthly

Iroquois Group Inc401(k)

IROQUOIS GROUP INC 401(K) PROFIT SHARING PLAN & TRUST · OLEAN, NY · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Iroquois Group Inc reported $65,239 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $3,206 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 0.33% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 2,519th-largest of 5,648 plans among New York employers on file, and 3,040th of 4,798 in finance & insurance. In 2024, employees put in $3.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,195,818
Participants with balances166
Active participants144
Employer contributions$461,702
Employee contributions$1,555,146
Employer contribution per active participant$3,206
Average account balance$121,662
Benefits paid to participants$1,317,394
Plan auditUnmodified (clean) audit opinion
AuditorCHIAMPOU TRAVIS BESAW KERSHNER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$20.2M · 166 accts · $462K emplr
2023$16.7M · 163 accts · $454K emplr
2022$13.2M · 147 accts · $354K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,589
Investment management$35,790
Trustee / custodial$860
Total administrative$65,239
The Iroquois Group Inc 401(k) match · 2024
Employer contribution per active participant$3,206
Median for plans this size$2,416
2024$3,206 per active participant
2023$3,221 per active participant
2022$2,328 per active participant

Iroquois Group Inc's 2024 employer contribution ran above the $2,416 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 · 20242
PAYCHEX, INC. · Recordkeeping$25,599
EVEREST CONSULTANTS · Investment advisory (participants)$36,952

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

Recordkeeper by year2
2024Paychex
2023EVEREST CONSULTANTS, Paychex

This plan has changed recordkeepers within these filings. If you left Iroquois Group Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$65,239 · 0.35%
2023$52,632 · 0.35%
2022$47,098 · 0.33%
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Source: U.S. Department of Labor, Form 5500 series, EIN 161210629 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.