Industrial Technologies and Services, LLC 401(k) Review & Grade
Ingersoll Rand Retirement Savings Plan
Davidson, NCManufacturing5,249 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,538Employer $ per active participant
$8,480Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$183,909Average balance per account
Score breakdown
- Employer generosity37.0 / 5074th percentile for employer $ per participant
- Low cost20.2 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 81th |
| Employee saving | 71th |
| Peers that auto-enroll | 70% |
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
- Industrial Technologies and Services put in about $5,538 per active participant, more than the typical peer ($3,452). 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 | $29,067,673 |
| Participant (employee) contributions | $44,512,795 |
| Other contributions (incl. rollovers in) | $8,327,776 |
| Administrative expenses paid from the plan | $603,861 |
| Contract administrator fees | $3,000 |
| Investment advisory & management fees | $173,495 |
| Other admin expenses | $87,465 |
| Benefits paid out | $192,714,004 |
| Net assets, start / end of year | $1.3B / $1.4B |
| Active participants, start / end of year | 5,204 / 5,294 |
| Participants with account balances | 7,602 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rubinbrown LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $285,160 reported compensation |
| Strategic Advisors, Inc. | $173,495 reported compensation |
| Buck Global LLC | $87,465 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015132923NAL0002488051001, received 2025-10-15, EIN 76-0419383, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.