Plan Ledger DOL Form 5500 · updated monthly

Bodensteiner Implement Company401(k)

BODENSTEINER IMPLEMENT COMPANY RETIREMENT SAVINGS PLAN · ELKADER, IA · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Bodensteiner Implement Company reported $91,444 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $2,607 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 3 years on file its reported administrative ratio has held roughly steady near 0.242%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 231st-largest of 878 plans among Iowa employers on file, and the 780th of 5,215 in retail trade. In 2024, employees put in $3.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,472,132
Participants with balances266
Active participants241
Employer contributions$628,258
Employee contributions$2,004,498
Employer contribution per active participant$2,607
Average account balance$152,151
Benefits paid to participants$2,185,483
Plan auditUnmodified (clean) audit opinion
AuditorDENMAN & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$40.5M · 266 accts · $628K emplr
2023$35.0M · 271 accts · $483K emplr
2022$29.1M · 268 accts · $456K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,350
Trustee / custodial$90,094
Total administrative$91,444
The Bodensteiner Implement Company 401(k) match · 2024
Employer contribution per active participant$2,607
Median for plans this size$2,416
2024$2,607 per active participant
2023$1,893 per active participant
2022$1,886 per active participant

Bodensteiner Implement Company'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.

Service providers · 20241
BANKERS TRUST COMPANY · Recordkeeping · Trustee$91,444

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

Recordkeeper by year2
2024BANKERS TRUST COMPANY
2023BANKERS TRUST COMPANY

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

Administrative cost history3
2024$91,444 · 0.24%
2023$76,525 · 0.24%
2022$72,725 · 0.24%
Same employer
Similar plansRetail Trade · Iowa
Kum & Go, Lc IA$66.2M · 0.50%
Bomgaars Supply, Inc. IA$52.7M · 0.41%
Willis Cadillac, Inc. IA$45.1M · 0.29%
Trivista Companies, Inc. IA$36.6M · 0.25%
Storey-Kenworthy Company IA$34.3M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421015155 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.