Plan Ledger DOL Form 5500 · updated monthly

The Laub Company, Inc. dba Ibmc College401(k)

IBMC COLLEGE 401(K) PLAN · FORT COLLINS, CO · plan year 2022

Reported admin expense ratio · 2022
0.51%

The Laub Company, Inc. dba Ibmc College reported $10,257 in plan administrative expenses for 2022: 0.51% 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 1 year on file its reported administrative ratio rose from 0.51% to 0.81%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Colorado (1,285th of 1,461), and 2,876th of 3,091 in educational services.

Plan summary
Net assets, end of year$1,862,227
Participants with balances61
Active participants124
Employer contributions—
Employee contributions$115,929
Employer contribution per active participant—
Average account balance$30,528
Benefits paid to participants$52,583
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$523K · 35 accts
2022$1.9M · 61 accts
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024Not separately reported
2023$9,659 · 0.81%
2022$10,257 · 0.51%
Similar plansEducational Services · Colorado
The Ce Shop LLC CO$2.8M · 0.05%
Spekit, Inc. CO$1.9M · 0.22%
Weston Enterprises Inc CO$1.3M · 1.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841144674 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.