Plan Ledger DOL Form 5500 · updated monthly

Absolute Concrete Construction, Inc.401(k)

ABSOLUTE GROUP 401(K) PLAN · GRANGER, IA · plan year 2024

Reported admin expense ratio · 2024
0.05%

Absolute Concrete Construction, Inc. reported $3,433 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. 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 0.04% to 0.05%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other management of companies employers. By assets it is among the smaller plans on file in Iowa (621st of 878), and 594th of 786 in management of companies.

Plan summary
Net assets, end of year$8,119,006
Participants with balances212
Active participants280
Employer contributions—
Employee contributions$934,575
Employer contribution per active participant—
Average account balance$38,297
Benefits paid to participants$490,975
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.1M · 212 accts
2023$6.6M · 220 accts
2022$4.8M · 223 accts · $10K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,433
Total administrative$3,433
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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$3,432
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$3,433 · 0.05%
2023$5,766 · 0.10%
2022$2,065 · 0.04%
Similar plansManagement of Companies · Iowa
Bank Midwest IA$32.2M · 0.01%
Farmers State Bank IA$28.8M · 0.07%
Huwa Enterprises, LLC CO$8.4M · 1.22%
Sgb Smit USA Holding Inc. OH$8.1M · 0.01%
Kimmins Corp. FL$8.1M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391953384 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.