Plan Ledger DOL Form 5500 · updated monthly

Itac Solutions401(k)

ITAC SOLUTIONS 401K PLAN · VESTAVIA, AL · plan year 2022

Reported admin expense ratio · 2022
0.03%

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

Itac Solutions reported $480 in plan administrative expenses for 2022: 0.03% of average plan assets, lower 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Alabama (840th of 902), and 2,104th of 2,534 in administrative & support services.

Plan summary
Net assets, end of year$1,297,997
Participants with balances88
Active participants66
Employer contributions$0
Employee contributions$108,755
Employer contribution per active participant$0
Average account balance$14,750
Benefits paid to participants$54,453
Plan auditUnmodified (clean) audit opinion
AuditorHADDOX REID EUBANK & BETTS, LLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$480
Total administrative$480
The Itac Solutions 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$1,114

Itac Solutions's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$480 · 0.03%
Similar plansAdministrative & Support Services · Alabama
Pbs Peo Services, LLC AL$2.4M · 1.87%
Dothan Security, Inc. AL$2.2M · 2.14%
Tpg Telemanagement, Inc AL$800K · 2.22%
Cu Employment, Inc. AL$639K · 0.19%
Ask Telemarketing, Inc. AL$605K · 0.88%

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Source: U.S. Department of Labor, Form 5500 series, EIN 631243204 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.