Plan Ledger DOL Form 5500 · updated monthly

Cedar Valley Medical Specialists, P.C.401(k)

CEDAR VALLEY MEDICAL SPECIALISTS, P.C. PROFIT SHARING & EMPLOYEE SAVINGS PLAN · WATERLOO, IA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Cedar Valley Medical Specialists, P.C. reported $44,690 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,624 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 fell from 0.06% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 84th-largest of 878 plans among Iowa employers on file, and the 1,007th of 11,911 in health care & social assistance. In 2024, the employer put in $1.10 for every $1.00 employees contributed themselves; active participation has grown from 401 to 499 since 2022.

Plan summary
Net assets, end of year$112,728,889
Participants with balances625
Active participants499
Employer contributions$3,305,195
Employee contributions$3,010,046
Employer contribution per active participant$6,624
Average account balance$180,366
Benefits paid to participants$7,754,618
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$112.7M · 625 accts · $3.3M emplr
2023$99.0M · 591 accts · $3.0M emplr
2022$93.0M · 545 accts · $2.9M emplr
Administrative expenses, itemized · 2024
Investment management$44,690
Total administrative$44,690
The Cedar Valley Medical Specialists, P.C. 401(k) match · 2024
Employer contribution per active participant$6,624
Median for plans this size$3,635
2024$6,624 per active participant
2023$7,024 per active participant
2022$7,162 per active participant

Cedar Valley Medical Specialists, P.C.'s 2024 employer contribution ran above the $3,635 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 · 20242
CETERA ADVISORS LLC · Investment advisory (plan)$39,985
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$13,919

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$44,690 · 0.04%
2023$39,570 · 0.04%
2022$59,613 · 0.06%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
Mason City Clinic, P.C. IA$180.0M · 0.08%
Pella Regional Health Center IA$101.5M · 0.15%
Wolfe Clinic, P.C. IA$94.0M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421417307 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.