Irisndt Inc. 401(k) Review & Grade
Irisndt Inc. 401(k) Plan
Houston, TXProfessional, Scientific & Technical Services1,540 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,016Employer $ per active participant
$2,225Employee $ saved per active participant
1.01%Direct admin cost, % of plan assets
$42.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.9 / 5020th percentile for employer $ per participant
- Low cost1.6 / 256th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1511th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 6th |
| Employee saving | 11th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Irisndt put in about $1,016 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (1.01% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,563,677 |
| Participant (employee) contributions | $3,424,682 |
| Other contributions (incl. rollovers in) | $1,047,202 |
| Administrative expenses paid from the plan | $393,883 |
| Contract administrator fees | $179,657 |
| Other admin expenses | $214,226 |
| Benefits paid out | $3,262,075 |
| Net assets, start / end of year | $35.2M / $42.6M |
| Active participants, start / end of year | 1,476 / 1,603 |
| Participants with account balances | 567 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sheffield, Trackwell & Rapp, LLC |
Largest service providers (Schedule C)
| Merrill Lynch - Fas | $49,129 reported compensation |
| Merrill Lynch - Eps | $49,129 reported compensation |
| John Hancock Life Insurance Co. | $2,706 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013213524NAL0000949187001, received 2025-10-13, EIN 27-4155477, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.