Plan Ledger DOL Form 5500 · updated monthly

IT Works Marketing, Inc.401(k)

THE IT WORKS! GLOBAL 401(K) RETIREMENT & PROFIT SHARING PLAN · PALMETTO, FL · plan year 2023

Reported admin expense ratio · 2023
0.52%

IT Works Marketing, Inc. reported $55,220 in plan administrative expenses for 2023: 0.52% of average plan assets, higher than ~75% of peers. 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 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 1,644th-largest of 3,644 plans among Florida employers on file, and the 2,369th of 5,215 in retail trade.

Plan summary
Net assets, end of year$11,421,216
Participants with balances157
Active participants138
Employer contributions—
Employee contributions$924,038
Employer contribution per active participant—
Average account balance$72,747
Benefits paid to participants$1,307,937
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 136 accts
2023$11.4M · 157 accts
2022$9.9M · 152 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,173
Investment management$26,047
Total administrative$55,220
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 · 20234
HUNTINGTON NATIONAL BANK · Investment advisory (plan)$15,024
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$11,023
JOSEPH LINCK DBA LINCK LAW PLC · Contract administrator$5,200

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$56,509 · 0.49%
2023$55,220 · 0.52%
2022$52,156 · 0.48%
Same employer
Similar plansRetail Trade · Florida
Alcora Corporation FL$11.7M · 0.63%
Shoes for Crews LLC FL$11.7M · 0.60%
Lokey Oldsmobile, Inc. FL$11.6M · 0.39%
Oxygen Development LLC FL$11.4M · 0.23%
Vera Automotive, Inc. FL$11.2M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383593692 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.