Plan Ledger DOL Form 5500 · updated monthly

Abcm Corporation401(k)

ABCM CORPORATION 401(K) PROFIT SHARING PLAN · HAMPTON, IA · plan year 2023

Reported admin expense ratio · 2023
0.58%

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

Abcm Corporation reported $148,003 in plan administrative expenses for 2023: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 rose from 0.70% to 1.73%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 337th-largest of 878 plans among Iowa employers on file, and the 3,041st of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$26,391,449
Participants with balances1,905
Active participants2,111
Employer contributions$0
Employee contributions$3,379,326
Employer contribution per active participant$0
Average account balance$13,854
Benefits paid to participants$4,903,827
Plan auditQualified audit opinion
AuditorDENMAN CPA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 2,366 accts
2023$26.4M · 1,905 accts
2022$24.3M · 1,789 accts
Administrative expenses, itemized · 2023
Audit (IQPA)$11,600
Total administrative$148,003
The Abcm Corporation 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$2,440

Abcm Corporation's 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom quarter of its peers. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
THE FINWAY GROUP LLC · Contract administrator$33,253
LION STREET ADVISORS · Investment advisory (plan)$12,559
ABCM CORPORATION$10,600
EMPOWER ADVISORY GROUP, LLC · Investment management$6

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

Administrative cost history3
2024$280,633 · 1.73%
2023$148,003 · 0.58%
2022$186,316 · 0.70%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
Medtec LLC IA$30.5M · 0.23%
Community Health Care, Inc IA$27.9M · 0.01%
Hope Haven, Inc. IA$26.2M · 0.57%
Lifeserve Blood Center IA$22.7M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421008939 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.