Department of Labor filing

IT CONCEPTS

IT CONCEPTS 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Jul 25, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

33filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$2,204

Reported employer contributions per active participant.

Higher than about 35% of comparable plans

#People in the filing

762

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$168 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 27% of comparable plans

↗Investment performance

Not available

Plan assets changed 37.4%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202433out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions35th percentileTypical peer $3,106 · based on 1,380 comparable plans

Lower reported administrative expense27th percentileTypical peer $113 · based on 1,398 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, IT CONCEPTS reported $1,679,707 in employer contributions across the plan and 762 active participants. That works out to $2,204 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy82%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 31.6%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 13.5%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context33/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $1,679,707
Participant contributions: $3,944,458
Other contributions: $2,017,685
Employer share of reported contributions: 29.9%
Beginning assets: $19,510,246
Ending assets: $26,807,325
Ending net assets: $26,807,325
Ending liabilities: $0
Total income: $10,778,274
Total expenses: $3,481,195
Administrative expenses: $95,566
Participant loans: $395,417

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$3,222

2023

$3,644

2024

$2,204

Plan-paid administrative expenses per participant

2022

$195

2023

$152

2024

$168

Active participants

2022

300

2023

374

2024

762

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$2,204	762	26.8M	20250725094537NAL0008514032001
2023	$3,644	374	19.5M	20241015095703NAL0048739968001
2022	$3,222	300	12.6M	20230728164632NAL0008254227001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.5%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 830377840-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 2011
Industry: Professional, scientific, and technical services
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2A2E2F2G2J2K2T3D

Current plan terms

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Filing ACK_ID20250725094537NAL0008514032001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗