Plan Ledger DOL Form 5500 · updated monthly

Cw Suter & Son, Inc.401(k)

CW SUTER & SON 401(K) PLAN · SIOUX CITY, IA · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Cw Suter & Son, Inc. reported $50,008 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $2,756 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 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Iowa (522nd of 878), and the 2,636th of 5,337 in construction. In 2024, employees put in $2.11 for every $1.00 the employer contributed; active participation has grown from 130 to 172 since 2022.

Plan summary
Net assets, end of year$13,538,733
Participants with balances176
Active participants172
Employer contributions$474,065
Employee contributions$1,000,276
Employer contribution per active participant$2,756
Average account balance$76,925
Benefits paid to participants$382,652
Plan auditUnmodified (clean) audit opinion
AuditorHENJES, CONNER & WILLIAMS PC
Plan history3
Yearassets · accounts · employer contribution
2024$13.5M · 176 accts · $474K emplr
2023$11.0M · 157 accts · $423K emplr
2022$8.6M · 144 accts · $340K emplr
Administrative expenses, itemized · 2024
Investment management$45,855
Trustee / custodial$4,153
Total administrative$50,008
The Cw Suter & Son, Inc. 401(k) match · 2024
Employer contribution per active participant$2,756
Median for plans this size$2,416
2024$2,756 per active participant
2023$2,918 per active participant
2022$2,615 per active participant

Cw Suter & Son, Inc.'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 · 20243
SECURITY NATIONAL BANK · Trustee · Investment management$45,855
CHARLES SCHWAB TRUST BANK · Investment management · Custodial (securities)$4,153
CHARLES SCHWAB & CO., INC. · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024SECURITY NATIONAL BANK
2023SECURITY NATIONAL BANK

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Administrative cost history3
2024$50,008 · 0.41%
2023$41,366 · 0.42%
2022$39,393 · 0.43%
All plans at this employer2
CW SUTER & SON 401(K) PLAN401(k)
C.W. SUTER & SON, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansConstruction · Iowa
Modern Holdings, Inc. IA$14.6M · 0.79%
Jensen Builders LTD. IA$13.6M · 0.33%
Woodruff Construction, Inc. IA$13.3M · 0.01%
D. C. Taylor Co. IA$12.5M · 0.19%
Modern Companies, Inc. IA$12.5M · 1.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470528839 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.