Iac Inc. 401(k) Review & Grade
Iac Inc. Retirement Savings Plan
New York, NYInformation7,934 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,241Employer $ per active participant
$9,515Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$1.6BNet plan assets, end of year
$114,024Average balance per account
Score breakdown
- Employer generosity29.7 / 5059th percentile for employer $ per participant
- Low cost19.4 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Information plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 78th |
| Employee saving | 59th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Corrective distributions: the plan refunded $31,540 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Iac put in about $4,241 per active participant, more than the typical peer ($3,691). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $33,646,162 |
| Participant (employee) contributions | $75,484,534 |
| Other contributions (incl. rollovers in) | $18,612,943 |
| Administrative expenses paid from the plan | $763,927 |
| Contract administrator fees | $121,762 |
| Investment advisory & management fees | $239,876 |
| Benefits paid out | $141,105,410 |
| Net assets, start / end of year | $1.4B / $1.6B |
| Active participants, start / end of year | 8,079 / 7,788 |
| Participants with account balances | 13,800 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young LLP |
| Employer stock held by plan | $6,421,651 |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $463,139 reported compensation |
| Capital Strategies Investment | $175,000 reported compensation |
| Ernst & Young US LLP | $65,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015091536NAL0002070195002, received 2025-10-15, EIN 84-3727412, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.