Plan Ledger DOL Form 5500 · updated monthly

Irving Materials, Inc.401(k)

IRVING MATERIALS, INC. EMPLOYEE SAVINGS 401(K) PLAN · GREENFIELD, IN · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Irving Materials, Inc. reported $433,705 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $4,375 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 3 years on file its reported administrative ratio has held roughly steady near 0.178%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 64th-largest of 1,562 plans among Indiana employers on file, and the 984th of 13,661 in manufacturing. In 2024, employees put in $1.26 for every $1.00 the employer contributed; active participation has grown from 1,843 to 2,208 since 2022.

Plan summary
Net assets, end of year$253,297,090
Participants with balances2,575
Active participants2,208
Employer contributions$9,660,579
Employee contributions$12,219,176
Employer contribution per active participant$4,375
Average account balance$98,368
Benefits paid to participants$25,679,326
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$253.3M · 2,575 accts · $9.7M emplr
2023$234.0M · 2,672 accts · $9.0M emplr
2022$197.9M · 2,513 accts · $8.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$270,620
Investment management$129,012
Trustee / custodial$34,073
Total administrative$433,705
The Irving Materials, Inc. 401(k) match · 2024
Employer contribution per active participant$4,375
Median for plans this size$3,635
2024$4,375 per active participant
2023$4,577 per active participant
2022$4,335 per active participant

Irving Materials, Inc.'s 2024 employer contribution ran above 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
MILLIMAN · Loan processing · Participant communication$270,620
AXIA ADVISORY CORPORATION · Investment advisory (plan)$129,012
MATRIX TRUST COMPANY · Custodial (securities) · Trustee (directed)$34,073

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

Recordkeeper by year2
2024Milliman
2023Milliman

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Administrative cost history3
2024$433,705 · 0.18%
2023$375,987 · 0.17%
2022$381,600 · 0.18%
Same employer
Similar plansManufacturing · Indiana
Wabash National Corp. IN$311.7M · 0.15%
Lippert Components, Inc. IN$304.3M · 0.24%
Franklin Electric Company IN$279.9M · 0.10%
Dormakaba USA Inc. IN$196.3M · 0.12%
Smc Corporation of America IN$189.4M · 0.15%
Thor Industries, Inc. IN$189.0M · 0.18%
Knauf Insulation, Inc. IN$179.9M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843316965 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.