Plan Ledger DOL Form 5500 · updated monthly

Iroquois Industrial Group LLC401(k)

IROQUOIS INDUSTRIAL GROUP LLC 401(K) PROFIT SHARING PLAN & TRUST · WATSEKA, IL · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Iroquois Industrial Group LLC reported $22,375 in plan administrative expenses for 2024: 0.31% of average plan assets, below the peer median. Employer contributions averaged $340 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 0.46% to 0.31%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (2,573rd of 3,702), and 9,574th of 13,661 in manufacturing. In 2024, employees put in $6.00 for every $1.00 the employer contributed; active participation has grown from 391 to 440 since 2022.

Plan summary
Net assets, end of year$8,221,076
Participants with balances587
Active participants440
Employer contributions$149,753
Employee contributions$899,194
Employer contribution per active participant$340
Average account balance$14,005
Benefits paid to participants$441,477
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.2M · 587 accts · $150K emplr
2023$6.4M · 551 accts · $124K emplr
2022$4.9M · 488 accts · $100K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,375
Total administrative$22,375
The Iroquois Industrial Group LLC 401(k) match · 2024
Employer contribution per active participant$340
Median for plans this size$1,313
2024$340 per active participant
2023$278 per active participant
2022$255 per active participant

Iroquois Industrial Group LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
PAYCHEX, INC. · Recordkeeping$14,879
ERISA FIDUCIARY SERVICES, INC. · Contract administrator$6,570

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
2023ERISA FIDUCIARY SERVICES, INC., Paychex

This plan has changed recordkeepers within these filings. If you left Iroquois Industrial Group LLC 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$22,375 · 0.31%
2023$26,237 · 0.46%
2022$23,594 · 0.46%
Same employer
Similar plansManufacturing · Illinois
Tukaiz, LLC IL$8.4M · 0.31%
Bci Acrylic, Inc. IL$8.3M · 1.21%
Swiss Automation, Inc. IL$8.3M · 0.02%
Durex Industries IL$8.1M · 0.07%
Colony Display, LLC IL$8.1M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454035661 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.