Plan Ledger DOL Form 5500 · updated monthly

The Iris Group, Inc.401(k)

THE IRIS GROUP INC. 401(K) RETIREMENT SAVINGS PLAN · CARLSBAD, CA · plan year 2024

Reported admin expense ratio · 2024
0.30%

The Iris Group, Inc. reported $42,751 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. 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 0.32% to 0.30%. 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 4,329th-largest of 9,483 plans among California employers on file, and 6,970th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$15,422,474
Participants with balances130
Active participants90
Employer contributions—
Employee contributions$325,332
Employer contribution per active participant—
Average account balance$118,634
Benefits paid to participants$161,674
Plan auditUnmodified (clean) audit opinion
AuditorALDRICH CPAS ADVISORS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$15.4M · 130 accts
2023$13.2M · 133 accts
2022$11.1M · 134 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,243
Investment management$35,508
Total administrative$42,751
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
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$7,243
WELLS FARGO ADVISORS. · Investment advisory (plan)$35,508

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$42,751 · 0.30%
2023$40,765 · 0.33%
2022$39,742 · 0.32%
Similar plansManufacturing · California
Jwc Environmental, Inc. CA$15.6M · 0.36%
Ayar Labs Inc CA$15.5M · 0.02%
Rivos Inc CA$15.5M · 0.02%
Atomica Corporation CA$15.5M · 0.34%
Kodiak Sciences Inc CA$15.4M · 0.01%
Yamamoto of Orient, Inc. CA$15.3M · 0.50%
Vian Enterprises Inc CA$15.3M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330386692 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.