Plan Ledger DOL Form 5500 · updated monthly

Abc of Iowa401(k)

ABC OF IOWA RETIREMENT SAVINGS PLAN · GRIMES, IA · plan year 2024

Reported admin expense ratio · 2024
0.34%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Abc of Iowa reported $108,565 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,678 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.40% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 261st-largest of 878 plans among Iowa employers on file, and the 635th of 3,341 in other services. In 2024, employees put in $2.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$34,282,510
Participants with balances653
Active participants716
Employer contributions$1,201,117
Employee contributions$2,487,118
Employer contribution per active participant$1,678
Average account balance$52,500
Benefits paid to participants$3,244,020
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.3M · 653 accts · $1.2M emplr
2023$30.1M · 618 accts · $994K emplr
2022$24.6M · 589 accts · $927K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$94,615
Audit (IQPA)$12,500
Total administrative$108,565
The Abc of Iowa 401(k) match · 2024
Employer contribution per active participant$1,678
Median for plans this size$2,416
2024$1,678 per active participant
2023$1,383 per active participant
2022$1,359 per active participant

Abc of Iowa's 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
TRANSAMERICA FINANCIAL LIFE INS CO. · Recordkeeping · Loan processing$30,960
QUALIFIED PLAN CONSULTANTS, LLC · Recordkeeping · Loan processing$26,792
3(16) FIDUCIARY SERVICES CORP · Plan administrator$32,010
TEMPLETON & COMPANY LLP · Accounting / audit$12,500
MESIROW FINANCIAL · Investment advisory (plan)$6,454
CETERA FINANCIAL GROUP · Insurance broker · Insurance servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024QUALIFIED PLAN CONSULTANTS, LLC, Transamerica
2023QUALIFIED PLAN CONSULTANTS, LLC, Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$108,565 · 0.34%
2023$105,119 · 0.38%
2022$104,836 · 0.40%
Similar plansOther Services · Iowa
Vgm Group Inc IA$414.4M
Albaugh, LLC IA$72.0M · 0.31%
Iowa Student Loan Liquidity IA$61.0M · 0.04%
Ovation Holdings IA$45.3M · 0.75%
United Way of Central Iowa IA$33.4M · 0.45%
Hupp Electric Motors, Inc. IA$25.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421029016 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.