Plan Ledger DOL Form 5500 · updated monthly

The Institute of Electrical and Electronics Engineers,Inc.401(k)

IEEE, INC. SAVINGS AND INVESTMENT PLAN · PISCATAWAY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

The Institute of Electrical and Electronics Engineers,Inc. reported $75,517 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $14,629 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 3 years on file its reported administrative ratio has held roughly steady near 0.013%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other other services employers. By assets it is the 107th-largest of 2,419 plans among New Jersey employers on file, and the 18th of 3,341 in other services. In 2024, the employer put in $1.20 for every $1.00 employees contributed themselves; active participation has grown from 1,144 to 1,264 since 2022.

Plan summary
Net assets, end of year$621,990,227
Participants with balances1,631
Active participants1,264
Employer contributions$18,491,452
Employee contributions$15,429,968
Employer contribution per active participant$14,629
Average account balance$381,355
Benefits paid to participants$35,478,217
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$622.0M · 1,631 accts · $18.5M emplr
2023$551.7M · 1,568 accts · $18.6M emplr
2022$473.1M · 1,520 accts · $16.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,517
Total administrative$75,517
The The Institute of Electrical and Electronics Engineers,Inc. 401(k) match · 2024
Employer contribution per active participant$14,629
Median for plans this size$4,294
2024$14,629 per active participant
2023$15,329 per active participant
2022$14,735 per active participant

The Institute of Electrical and Electronics Engineers,Inc.'s 2024 employer contribution ran above the $4,294 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
T ROWE PRICE RPS INC · Recordkeeping · Trustee$75,815
CHARLES SCHWAB & CO., INC. · Securities brokerage$201

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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

Administrative cost history3
2024$75,517 · 0.01%
2023$72,535 · 0.01%
2022$69,506 · 0.01%
Same employer
Similar plansOther Services · New Jersey
Freeman Decorating Co. TX$686.4M · 0.10%
The Rand Corporation CA$655.7M · 0.02%
The Cna Corporation VA$601.3M · 0.03%
Unifirst Corporation MA$554.2M · 0.16%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 131656633 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.