Iti, Inc. 401(k) Review & Grade
Iti, Inc. 401(k) Plan
Bedminster, NJProfessional, Scientific & Technical Services721 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,377Employer $ per active participant
$15,305Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$95.7MNet plan assets, end of year
$118,912Average balance per account
Score breakdown
- Employer generosity42.6 / 5085th percentile for employer $ per participant
- Low cost16.8 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1589th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 67th |
| Employee saving | 89th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $27,137 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Iti put in about $7,377 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.
- 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 | $5,318,801 |
| Participant (employee) contributions | $11,034,561 |
| Other contributions (incl. rollovers in) | $5,406,694 |
| Administrative expenses paid from the plan | $107,981 |
| Other admin expenses | $688 |
| Benefits paid out | $7,157,753 |
| Net assets, start / end of year | $69.4M / $95.7M |
| Active participants, start / end of year | 597 / 845 |
| Participants with account balances | 805 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sc&h Attest Services, P.C. |
Largest service providers (Schedule C)
| John Hancock Life Ins Co New York | $92,725 reported compensation |
| Fidelity Investments Institutional | $15,256 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001074953NAL0031138818001, received 2025-10-01, EIN 30-0074620, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.