Plan Ledger DOL Form 5500 · updated monthly

The Intertech Group, Inc.401(k)

THE INTERTECH GROUP, INC. RETIREMENT SAVINGS PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

The Intertech Group, Inc. reported $108,107 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $3,306 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 0.27% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 436th-largest of 2,005 plans among North Carolina employers on file, and the 3,603rd of 13,661 in manufacturing. In 2024, employees put in $2.57 for every $1.00 the employer contributed; active participation has grown from 93 to 121 since 2022.

Plan summary
Net assets, end of year$41,230,788
Participants with balances168
Active participants121
Employer contributions$400,040
Employee contributions$1,029,504
Employer contribution per active participant$3,306
Average account balance$245,421
Benefits paid to participants$550,078
Plan auditUnmodified (clean) audit opinion
AuditorHOBBS GROUP P. A.
Plan history3
Yearassets · accounts · employer contribution
2024$41.2M · 168 accts · $400K emplr
2023$34.2M · 157 accts · $343K emplr
2022$28.5M · 154 accts · $360K emplr
The The Intertech Group, Inc. 401(k) match · 2024
Employer contribution per active participant$3,306
Median for plans this size$2,416
2024$3,306 per active participant
2023$3,326 per active participant
2022$3,870 per active participant

The Intertech Group, Inc.'s 2024 employer contribution ran above the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$123,166
WILSHIRE 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$108,107 · 0.29%
2023$93,192 · 0.30%
2022$91,598 · 0.27%
Same employer
Similar plansManufacturing · North Carolina
Abx Innovative Packaging NC$43.1M · 0.19%
Murata Machinery USA, Inc. NC$41.8M · 0.24%
Grady-White Boats, Inc. NC$39.7M · 0.03%
Kayser-Roth Corporation NC$39.4M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570834597 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.