Plan Ledger DOL Form 5500 · updated monthly

City Laundering Co.401(k)

CITY LAUNDERING CO. 401(K) PLAN · OELWEIN, IA · plan year 2022

Reported admin expense ratio · 2022
0.36%

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

City Laundering Co. reported $21,275 in plan administrative expenses for 2022: 0.36% of average plan assets, below the peer median. Employer contributions averaged $354 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 0.37%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Iowa (689th of 878), and 2,216th of 3,341 in other services. In 2022, employees put in $2.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,566,603
Participants with balances289
Active participants233
Employer contributions$82,402
Employee contributions$241,810
Employer contribution per active participant$354
Average account balance$19,262
Benefits paid to participants$186,045
Plan auditUnmodified (clean) audit opinion
AuditorJMM CPA
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 123 accts · $103K emplr
2023$4.2M · 143 accts · $59K emplr
2022$5.6M · 289 accts · $82K emplr
Administrative expenses, itemized · 2022
Investment management$14,028
Professional / advisory$7,247
Total administrative$21,275
The City Laundering Co. 401(k) match · 2022
Employer contribution per active participant$354
Median for plans this size$1,114
2024$971 per active participant
2023$320 per active participant
2022$354 per active participant

City Laundering Co.'s 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$15,709 · 0.37%
2023$20,827 · 0.43%
2022$21,275 · 0.36%
Similar plansOther Services · Iowa
C.R.I.C. LTD. IA$7.4M · 0.78%
Sharpness Inc IA$600K · 5.56%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 420653474 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.