Ihi Americas Inc. 401(k) Review & Grade
Ihi Group 401(k) Profit Sharing Plan
New York, NYProfessional, Scientific & Technical Services872 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,064Employer $ per active participant
$11,987Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$165.1MNet plan assets, end of year
$147,785Average balance per account
Score breakdown
- Employer generosity42.1 / 5084th percentile for employer $ per participant
- Low cost15.4 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1573th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 62th |
| Employee saving | 73th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($473 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $872 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ihi Americas put in about $7,064 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $6,156,369 |
| Participant (employee) contributions | $10,446,907 |
| Other contributions (incl. rollovers in) | $2,298,119 |
| Administrative expenses paid from the plan | $244,685 |
| Contract administrator fees | $244,685 |
| Benefits paid out | $16,964,782 |
| Net assets, start / end of year | $144.4M / $165.1M |
| Active participants, start / end of year | 942 / 801 |
| Participants with account balances | 1,117 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Condon O'meara Mcginty and Donnelly |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $244,685 reported compensation |
| Mercer Investments LLC | $35,933 reported compensation |
| The Benefit Practice | $25,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015104412NAL0009146210001, received 2025-10-15, EIN 83-4230011, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.