Plan Ledger DOL Form 5500 · updated monthly

Bartels Lutheran Home Corporation dba Bartels Lutheran Retirement Comm401(k)

BARTELS LUTHERAN HOME RETIREMENT COMMUNITY 401(K) PLAN · WAVERLY, IA · plan year 2023

Reported admin expense ratio · 2023
0.48%

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

Bartels Lutheran Home Corporation dba Bartels Lutheran Retirement Comm reported $21,622 in plan administrative expenses for 2023: 0.48% of average plan assets, below the peer median. Employer contributions averaged $749 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 0.40% to 0.73%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Iowa (716th of 878), and 8,173rd of 11,911 in health care & social assistance. In 2023, employees put in $1.80 for every $1.00 the employer contributed; active participation has grown from 145 to 172 since 2022.

Plan summary
Net assets, end of year$4,577,641
Participants with balances127
Active participants172
Employer contributions$128,809
Employee contributions$231,826
Employer contribution per active participant$749
Average account balance$36,044
Benefits paid to participants$802,560
Plan auditUnmodified (clean) audit opinion
AuditorRYUN, GIVENS & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 113 accts · $142K emplr
2023$4.6M · 127 accts · $129K emplr
2022$4.4M · 111 accts · $115K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$21,622
Total administrative$21,622
The Bartels Lutheran Home Corporation dba Bartels Lutheran Retirement Comm 401(k) match · 2023
Employer contribution per active participant$749
Median for plans this size$1,308
2024$778 per active participant
2023$749 per active participant
2022$792 per active participant

Bartels Lutheran Home Corporation dba Bartels Lutheran Retirement Comm's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
AMERICAN TRUST COMPANY · Recordkeeping · Consulting$21,622

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

Recordkeeper by year2
2024AMERICAN TRUST COMPANY
2023AMERICAN TRUST COMPANY

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$30,958 · 0.73%
2023$21,622 · 0.48%
2022$18,691 · 0.40%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
Good Neighbor Society IA$4.9M · 0.96%
New Choices, Inc. IA$4.7M · 0.03%
Discovery Living, Inc. IA$4.5M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420752685 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.