Icbd Holdings, LLC 401(k) Review & Grade
Icbd Holdings, LLC 401(k) Plan
FT Lauderdale, FLManagement of Companies1,356 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,548Employer $ per active participant
$3,004Employee $ saved per active participant
1.14%Direct admin cost, % of plan assets
$11.8MNet plan assets, end of year
$9,404Average balance per account
Score breakdown
- Employer generosity25.4 / 5051th percentile for employer $ per participant
- Low cost1.2 / 255th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1525th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 5th |
| Employee saving | 25th |
| Peers that auto-enroll | 58% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Icbd Holdings put in about $2,548 per active participant, more than the typical peer ($2,492). 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.
- Direct plan expenses (1.14% 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.
- 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 | $3,455,970 |
| Participant (employee) contributions | $4,074,550 |
| Other contributions (incl. rollovers in) | $428,926 |
| Administrative expenses paid from the plan | $92,955 |
| Contract administrator fees | $92,955 |
| Benefits paid out | $1,393,973 |
| Net assets, start / end of year | $4.5M / $11.8M |
| Active participants, start / end of year | 1,229 / 1,484 |
| Participants with account balances | 1,258 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $92,955 reported compensation |
| Ubs Financial Services Inc | $13,733 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015152921NAL0004992657001, received 2025-10-15, EIN 35-2649565, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.