Plan Ledger DOL Form 5500 · updated monthly

Absolute Group, Inc.ESOP

ABSOLUTE GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · GRANGER, IA · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Absolute Group, Inc. reported $24 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,012 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 1 year on file its reported administrative ratio fell from 0.000% to 0.000%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 238th-largest of 878 plans among Iowa employers on file, and the 319th of 786 in management of companies. active participation has grown from 245 to 278 since 2022.

Plan summary
Net assets, end of year$39,541,201
Participants with balances338
Active participants278
Employer contributions$837,361
Employee contributions—
Employer contribution per active participant$3,012
Average account balance$116,986
Benefits paid to participants$759,335
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.5M · 338 accts · $837K emplr
2023$36.6M · 308 accts · $1.4M emplr
2022$35.1M · 300 accts · $628K emplr
Employer contributions to the Absolute Group, Inc. plan · 2024
Employer contribution per active participant$3,012
Median for plans this size$2,416
2024$3,012 per active participant
2023$5,221 per active participant
2022$2,563 per active participant

Absolute Group, Inc.'s 2024 employer contribution ran above 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.

Administrative cost history3
2024$24 · 0.00%
2023$50 · 0.00%
2022Not separately reported
Same employer
Similar plansManagement of Companies · Iowa
Northwest Financial Corp IA$65.6M · 0.25%
Ncmic Group, Inc. IA$63.4M · 0.07%
West Bancorporation, Inc. IA$50.6M · 0.01%
Ohnward Bancshares, Inc. IA$39.7M · 0.36%
Ambank Company, Inc. IA$36.7M · 0.17%
Gnb Bancorporation IA$36.4M · 0.07%
Bank Midwest IA$32.2M · 0.01%
Farmers State Bank IA$28.8M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461420502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.