Plan Ledger DOL Form 5500 · updated monthly

Itsc Secure Solutions, LLC401(k)

ITSC SECURE SOLUTIONS, LLC 401(K) PLAN · OWENS CROSS ROADS, AL · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

Itsc Secure Solutions, LLC reported $25,967 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,174 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 rose from 0.17% to 0.89%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Alabama (717th of 902), and 10,392nd of 11,654 in professional & technical services. In 2024, employees put in $1.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,400,036
Participants with balances164
Active participants106
Employer contributions$336,411
Employee contributions$638,148
Employer contribution per active participant$3,174
Average account balance$20,732
Benefits paid to participants$375,019
Plan auditUnmodified (clean) audit opinion
AuditorHEIMLANTZ CPAS & ADVISORS, LLC
Plan history2
Yearassets · accounts · employer contribution
2024$3.4M · 164 accts · $336K emplr
2022$1.8M · 86 accts · $80K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,691
Investment management$16,164
Trustee / custodial$8,112
Total administrative$25,967
The Itsc Secure Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$3,174
Median for plans this size$1,313
2024$3,174 per active participant
2022$1,591 per active participant

Itsc Secure Solutions, LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$9,803
COLLINGWOOD GROUP · Investment advisory (participants) · Investment advisory (plan)$16,164

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

Administrative cost history2
2024$25,967 · 0.89%
2022$3,553 · 0.17%
Same employer
Similar plansProfessional & Technical Services · Alabama
Axim Geospatial, LLC AL$5.3M · 1.62%
HC3, Inc. AL$4.6M · 0.80%
Ranger Land Systems, Inc. AL$3.4M · 1.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208936149 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.