It Group, LLC 401(K) Savings Plan — Form 5500 plan (It Group, LLC)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, It Group, LLC 401(K) Savings Plan is a benefit plan reported by It Group, LLC under EIN 05-0554165 and plan number 001. The latest loaded filing year is 2023. The filing reports 170 participants and $24,233,953 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$24.2MPlan net assets, end of year$24,233,953
Participants170Covered participants reported
Assets / participant$142.6KComputed: assets ÷ participants$142,553 (computed)
Provider compensation$89.1K2 Schedule C provider row(s)$89,117
Plan sponsor
It Group, LLC
EIN
05-0554165
Plan number
001
Plan type
2
Location
Farmington Hills, MI
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    170 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$24.2M total assets
Net assets$24.2MLiabilities$0
Money in vs. money out
Total income / additions$5.6M
Total expenses$828.2K
Benefits paid / distributions$739.1K
Contributions
Employer$934.3K
Participant$1.2M
Full reported line items

Net assets

Total assets (EOY)
$24,233,953
Total liabilities (EOY)
$0
Net assets (EOY)
$24,233,953
Net assets (BOY)
$19,495,697

Income & contributions

Employer contributions
$934,275
Participant contributions
$1,204,445
Total contributions
$2,193,876
Total income / additions
$5,566,492

Expenses & distributions

Benefits paid
$739,119
Administrative expenses
$89,117
Total expenses
$828,236
Net increase / (decrease)
$4,738,256
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 44%Participant 56%
Total expenses ÷ net assets3%Computed ratio
Benefits paid ÷ total income13%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    INVESTMENT ADVISOR · Direct $62K
  2. 2
    RECORDKEEPER · Direct $27.2K · Indirect $0

Related Form 5500 pages