Plan Ledger DOL Form 5500 · updated monthly

Irwin Naturals401(k)

IRWIN NATURALS 401(K) PLAN · CULVER CITY, CA · plan year 2023

Reported admin expense ratio · 2023
1.01%

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

Irwin Naturals reported $63,427 in plan administrative expenses for 2023: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,052 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 1.06% to 1.21%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (6,342nd of 9,483), and 10,189th of 13,661 in manufacturing. In 2023, employees put in $6.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,983,536
Participants with balances170
Active participants120
Employer contributions$126,263
Employee contributions$772,230
Employer contribution per active participant$1,052
Average account balance$41,080
Benefits paid to participants$501,308
Plan auditUnmodified (clean) audit opinion
AuditorBEACH FREEMAN LIM & CLELAND, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 93 accts · $120K emplr
2023$7.0M · 170 accts · $126K emplr
2022$5.6M · 152 accts · $90K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$23,262
Investment management$29,292
Audit (IQPA)$10,873
Total administrative$63,427
The Irwin Naturals 401(k) match · 2023
Employer contribution per active participant$1,052
Median for plans this size$1,308
2024$1,999 per active participant
2023$1,052 per active participant
2022$690 per active participant

Irwin Naturals's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
NFP RETIREMENT INC · Investment advisory (plan)$29,292
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$23,262
BEACH FREEMAN LIM AND CLELAND LLP · Accounting / audit$10,873

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

Administrative cost history3
2024$82,824 · 1.21%
2023$63,427 · 1.01%
2022$65,400 · 1.06%
Same employer
Similar plansManufacturing · California
General Tool Inc CA$7.0M · 0.74%
Square-H Brands, Inc. CA$7.0M · 0.56%
Hydroform USA, Inc. CA$7.0M · 0.56%
Killion Industries, Inc. CA$7.0M · 0.37%
Donsuemor, Inc. CA$7.0M · 0.19%
Sun Bum LLC CA$6.9M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450463960 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.