Plan Ledger DOL Form 5500 · updated monthly

Central Iowa Sheet Metal Workers Supplemental Retirement 401(K)401(k)

CENTRAL IOWA SHEET METAL WORKERS SUPPLEMENTAL RETIREMENT 401(K) PLAN · DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Central Iowa Sheet Metal Workers Supplemental Retirement 401(K) reported $103,083 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $4,138 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 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 158th-largest of 878 plans among Iowa employers on file, and the 902nd of 5,337 in construction. In 2024, the employer put in $9.56 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$61,801,851
Participants with balances496
Active participants470
Employer contributions$1,944,761
Employee contributions$203,442
Employer contribution per active participant$4,138
Average account balance$124,601
Benefits paid to participants$3,532,736
Plan auditUnmodified (clean) audit opinion
AuditorDEBOER & ASSOCIATES, PC
Plan history3
Yearassets · accounts · employer contribution
2024$61.8M · 496 accts · $1.9M emplr
2023$55.1M · 501 accts · $2.1M emplr
2022$45.4M · 488 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,407
Investment management$36,050
Audit (IQPA)$14,375
Total administrative$103,083
The Central Iowa Sheet Metal Workers Supplemental Retirement 401(K) 401(k) match · 2024
Employer contribution per active participant$4,138
Median for plans this size$3,635
2024$4,138 per active participant
2023$4,373 per active participant
2022$4,203 per active participant

Central Iowa Sheet Metal Workers Supplemental Retirement 401(K)'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 · 20245
FIDUCIENT ADVISORS · Investment advisory (plan)$36,050
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$19,513
DEBOER & ASSOCIATES, PC · Accounting / audit$17,395
BLAKE & UHLIG, P.A · Legal$11,321
SHEET METAL WORKERS INT'L UNION 45 · Plan administrator$8,017

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$103,083 · 0.18%
2023$88,392 · 0.18%
2022$85,040 · 0.17%
Similar plansConstruction · Iowa
Manatts, Inc. IA$130.7M · 0.10%
Peterson Contractors, Inc. IA$76.4M · 0.14%
Klinger Companies, L.L.C. IA$70.3M · 0.00%
The Rasmussen Group, Inc. IA$46.5M · 0.36%
Weco Inc. IA$45.8M

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Source: U.S. Department of Labor, Form 5500 series, EIN 421401231 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.