Plan Ledger DOL Form 5500 · updated monthly

Iti, Inc.401(k)

ITI, INC. 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Iti, Inc. reported $107,981 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $6,294 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 0.38% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 826th-largest of 5,648 plans among New York employers on file, and the 1,581st of 11,654 in professional & technical services. In 2024, employees put in $2.07 for every $1.00 the employer contributed; active participation has grown from 513 to 845 since 2022.

Plan summary
Net assets, end of year$95,724,266
Participants with balances805
Active participants845
Employer contributions$5,318,801
Employee contributions$11,034,561
Employer contribution per active participant$6,294
Average account balance$118,912
Benefits paid to participants$7,157,753
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$95.7M · 805 accts · $5.3M emplr
2023$69.4M · 600 accts · $4.3M emplr
2022$46.2M · 520 accts · $3.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$107,293
Total administrative$107,981
The Iti, Inc. 401(k) match · 2024
Employer contribution per active participant$6,294
Median for plans this size$3,635
2024$6,294 per active participant
2023$7,283 per active participant
2022$7,664 per active participant

Iti, Inc.'s 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK LIFE INS CO NEW YORK · Recordkeeping · Investment management$92,725
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$15,256

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$107,981 · 0.13%
2023$178,764 · 0.31%
2022$165,160 · 0.38%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 300074620 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.