Plan Ledger DOL Form 5500 · updated monthly

Irvine Technology Corporation401(k)

IRVINE TECHNOLOGY CORPORATION 401(K) PLAN · SANTA ANA, CA · plan year 2024

Reported admin expense ratio · 2024
1.10%

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

Irvine Technology Corporation reported $60,626 in plan administrative expenses for 2024: 1.10% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 1.04% to 1.10%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (6,678th of 9,483), and 9,410th of 11,654 in professional & technical services. active participation has grown from 69 to 87 since 2022.

Plan summary
Net assets, end of year$5,970,613
Participants with balances142
Active participants87
Employer contributions$0
Employee contributions$591,026
Employer contribution per active participant$0
Average account balance$42,047
Benefits paid to participants$263,625
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 142 accts
2023$5.1M · 133 accts
2022$4.1M · 116 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,626
Total administrative$60,626
The Irvine Technology Corporation 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Irvine Technology Corporation'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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS,L · Recordkeeping · Loan processing$27,311
ASCENSUS · Recordkeeping · Loan processing$2,920
HICKS PENSION SERVICES - SAN LUIS O · Recordkeeping · Loan processingindirect comp
OSAIC WEALTH, INC. · Investment advisory (plan)$26,381

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

Recordkeeper by year2
2024Ascensus, HICKS PENSION SERVICES - SAN LUIS O, Transamerica
2023Ascensus, HICKS PENSION SERVICES - SAN LUIS O, Transamerica

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Administrative cost history3
2024$60,626 · 1.10%
2023$48,519 · 1.06%
2022$49,116 · 1.04%
Similar plansProfessional & Technical Services · California
The Envoy Group LLC CA$6.0M · 0.80%
Lindquist LLP CA$6.0M · 0.06%
Cobalt Labs Inc CA$6.0M · 0.07%
Wolfsdorf Rosenthal LLP CA$6.0M · 0.33%
Tally Technologies, Inc. CA$5.9M · 0.13%
Varmour Networks, Inc. CA$5.9M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330889599 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.