Plan Ledger DOL Form 5500 · updated monthly

Carroll County Bancshares, Inc.401(k) + ESOP (KSOP)

CARROLL COUNTY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS) · CARROLL, IA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Carroll County Bancshares, Inc. reported $60,609 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $4,739 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 0.05% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 255th-largest of 878 plans among Iowa employers on file, and the 2,124th of 4,798 in finance & insurance. In 2024, employees put in $1.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,222,747
Participants with balances275
Active participants173
Employer contributions$819,894
Employee contributions$1,258,861
Employer contribution per active participant$4,739
Average account balance$131,719
Benefits paid to participants$4,584,046
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$36.2M · 275 accts · $820K emplr
2023$35.7M · 243 accts · $1.3M emplr
2022$34.2M · 249 accts · $860K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,609
Total administrative$60,609
The Carroll County Bancshares, Inc. 401(k) match · 2024
Employer contribution per active participant$4,739
Median for plans this size$2,416
2024$4,739 per active participant
2023$7,016 per active participant
2022$4,780 per active participant

Carroll County Bancshares, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$60,608
IFP INSURANCE GROUP, LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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

Administrative cost history3
2024$60,609 · 0.17%
2023$55,313 · 0.16%
2022$17,988 · 0.05%
Similar plansFinance & Insurance · Iowa
First Citizens Bank Corp. IA$41.8M · 0.13%
Delta Dental of Iowa IA$37.8M · 0.14%
Commercial Financial Corp IA$32.8M · 0.24%
Peoples Bank IA$32.3M · 0.22%
Fidelity Ban Corporation IA$28.1M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421113591 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.