Plan Ledger DOL Form 5500 · updated monthly

Bankers Trust Company401(k)

BANKERS TRUST COMPANY 401(K) SAVINGS PLAN · DES MOINES, IA · plan year 2023

Employer contribution per participant · 2023
$4,983

Bankers Trust Company's 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $111,524,063 across 650 participant accounts, with employer contributions averaging $4,983 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other finance & insurance employers. By assets it is the 86th-largest of 878 plans among Iowa employers on file, and the 925th of 4,798 in finance & insurance. In 2023, employees put in $1.48 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$111,524,063
Participants with balances650
Active participants610
Employer contributions$3,039,627
Employee contributions$4,505,445
Employer contribution per active participant$4,983
Average account balance$171,575
Benefits paid to participants$13,128,064
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history2
Yearassets · accounts · employer contribution
2023$111.5M · 650 accts · $3.0M emplr
2022$99.1M · 624 accts · $2.8M emplr
The Bankers Trust Company 401(k) match · 2023
Employer contribution per active participant$4,983
Median for plans this size$3,659
2023$4,983 per active participant
2022$4,678 per active participant

Bankers Trust Company's 2023 employer contribution ran above the $3,659 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.

Administrative cost history2
2023Not separately reported
2022Not separately reported
Same employer
Similar plansFinance & Insurance · Iowa
Greenstate Credit Union IA$154.3M · 0.12%
Security National Corp IA$84.8M · 0.00%
Imt Insurance Company IA$83.1M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420127385 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.