Plan Ledger DOL Form 5500 · updated monthly

Beisser's, Inc.401(k)

BEISSER'S, INC. RETIREMENT PLAN · GRIMES, IA · plan year 2023

Reported admin expense ratio · 2023
0.55%

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

Beisser's, Inc. reported $82,664 in plan administrative expenses for 2023: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,833 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 0.52% to 0.60%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Iowa (461st of 878), and the 1,761st of 5,215 in retail trade. In 2023, employees put in $3.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,456,687
Participants with balances172
Active participants158
Employer contributions$289,591
Employee contributions$1,010,651
Employer contribution per active participant$1,833
Average account balance$95,678
Benefits paid to participants$747,223
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.1M · 184 accts · $320K emplr
2023$16.5M · 172 accts · $290K emplr
2022$13.3M · 168 accts · $251K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$36,688
Investment management$28,652
Audit (IQPA)$17,324
Total administrative$82,664
The Beisser's, Inc. 401(k) match · 2023
Employer contribution per active participant$1,833
Median for plans this size$2,440
2024$1,940 per active participant
2023$1,833 per active participant
2022$1,601 per active participant

Beisser's, Inc.'s 2023 employer contribution ran below the $2,440 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 · 20233
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$36,686
SECURITIES AMERICA ADVISORS, INC. · Investment advisory (plan)$28,652
RSM US LLP · Accounting / audit$17,324

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$98,372 · 0.60%
2023$82,664 · 0.55%
2022$79,920 · 0.52%
Same employer
Similar plansRetail Trade · Iowa
Theisen Supply, Inc. IA$17.9M · 0.33%
Homemakers Plaza, Inc. IA$16.8M · 0.36%
West Music Co., Inc. IA$16.7M · 0.45%
Bob Brown Chevrolet, Inc. IA$16.6M · 0.41%
Dan Deery Motor Co. IA$15.9M · 0.30%
Pritchard Auto Company IA$11.6M · 0.43%
Qsc, LLC IA$10.9M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420985105 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.