Plan Ledger DOL Form 5500 · updated monthly

Ankeny Sanitation Inc.401(k)

ASI 401(K) PLAN · ANKENY, IA · plan year 2022

Reported admin expense ratio · 2022
0.83%

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

Ankeny Sanitation Inc. reported $5,288 in plan administrative expenses for 2022: 0.83% of average plan assets, below the peer median. Employer contributions averaged $845 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Iowa (856th of 878), and 2,296th of 2,534 in administrative & support services. In 2022, employees put in $2.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$638,335
Participants with balances43
Active participants147
Employer contributions$124,143
Employee contributions$273,890
Employer contribution per active participant$845
Average account balance$14,845
Benefits paid to participants$32,901
Plan auditUnmodified (clean) audit opinion
AuditorFORGE FINANCIAL& MANAGEMENT CONSULT
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$4,913
Total administrative$5,288
The Ankeny Sanitation Inc. 401(k) match · 2022
Employer contribution per active participant$845
Median for plans this size$331

Ankeny Sanitation Inc.'s 2022 employer contribution ran above the $331 median for plans its size, placing it in the top 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$5,288 · 0.83%
Similar plansAdministrative & Support Services · Iowa
Cu Employment, Inc. AL$639K · 0.19%
B E & K Inc TX$638K · 1.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200531411 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.