Plan Ledger DOL Form 5500 · updated monthly

Itech US, Inc.401(k)

ITECH US, INC. 401(K) PROFIT SHARING PLAN · SOUTH BURLINGTON, VT · plan year 2023

Reported admin expense ratio · 2023
0.72%

Itech US, Inc. reported $86,227 in plan administrative expenses for 2023: 0.72% of average plan assets, higher than ~90% 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 1 year on file its reported administrative ratio rose from 0.68% to 0.72%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Vermont (128th of 230), and 6,983rd of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$13,410,475
Participants with balances176
Active participants299
Employer contributions—
Employee contributions$1,411,521
Employer contribution per active participant—
Average account balance$76,196
Benefits paid to participants$921,522
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$13.4M · 176 accts
2022$10.7M · 247 accts · $24K emplr
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 · 20232
NATIONWIDE · Recordkeeping · Loan processing$47,183
RAYMOND JAMES FIN SERV ADVISORS · Investment advisory (plan) · Investment advisory (participants)$38,941

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

Administrative cost history2
2023$86,227 · 0.72%
2022$77,671 · 0.68%
Similar plansProfessional & Technical Services · Vermont
Gallagher Flynn & Co., LLP VT$20.8M · 0.25%
Asic North, Inc. VT$20.8M · 0.17%
Cn Holdings, Inc. VT$16.2M · 0.30%
Tanvex Biopharma USA, Inc. CA$13.4M · 0.43%
Project Affinity, Inc. CA$13.4M · 0.34%
Brandon Advertising, Inc. SC$13.4M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 542053754 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.