Plan Ledger DOL Form 5500 · updated monthly

Itg Communications, LLC401(k)

ITG COMMUNICATIONS, LLC 401(K) PLAN · HENDERSONVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
1.35%

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

Itg Communications, LLC reported $43,806 in plan administrative expenses for 2024: 1.35% of average plan assets, higher than ~90% of peers. Employer contributions averaged $97 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 fell from 1.52% to 1.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Tennessee (1,144th of 1,496), and 4,201st of 5,337 in construction. In 2024, employees put in $7.05 for every $1.00 the employer contributed; active participation has grown from 1,340 to 1,796 since 2022.

Plan summary
Net assets, end of year$4,096,599
Participants with balances753
Active participants1,796
Employer contributions$174,231
Employee contributions$1,228,899
Employer contribution per active participant$97
Average account balance$5,440
Benefits paid to participants$544,310
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.1M · 753 accts · $174K emplr
2023$2.4M · 164 accts · $75K emplr
2022$1.3M · 128 accts · $53K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,806
Total administrative$43,806
The Itg Communications, LLC 401(k) match · 2024
Employer contribution per active participant$97
Median for plans this size$1,313
2024$97 per active participant
2023$52 per active participant
2022$39 per active participant

Itg Communications, LLC's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$43,806
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)indirect comp

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$43,806 · 1.35%
2023$27,339 · 1.49%
2022$17,167 · 1.52%
Similar plansConstruction · Tennessee
Relyant Global, LLC TN$4.3M · 0.23%
Roscoe Brown, Inc. TN$3.8M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464108185 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.