Plan Ledger DOL Form 5500 · updated monthly

Des Moines Christian School401(k)

DES MOINES CHRISTIAN SCHOOL 401(K) PLAN · URBANDALE, IA · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Des Moines Christian School reported $42,096 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $1,361 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 0.72% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Iowa (628th of 878), and 2,278th of 3,091 in educational services. In 2024, employees put in $2.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,753,397
Participants with balances185
Active participants229
Employer contributions$311,627
Employee contributions$682,064
Employer contribution per active participant$1,361
Average account balance$41,910
Benefits paid to participants$721,381
Plan auditUnmodified (clean) audit opinion
AuditorMHCS P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$7.8M · 185 accts · $312K emplr
2023$6.5M · 166 accts · $258K emplr
2022$5.2M · 161 accts · $212K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,369
Investment management$16,727
Total administrative$42,096
The Des Moines Christian School 401(k) match · 2024
Employer contribution per active participant$1,361
Median for plans this size$1,313
2024$1,361 per active participant
2023$1,131 per active participant
2022$964 per active participant

Des Moines Christian School's 2024 employer contribution ran above the $1,313 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$25,369
INTEGRITY ALLIANCE, LLC · Investment advisory (plan)$16,723

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$42,096 · 0.59%
2023$40,108 · 0.69%
2022$33,275 · 0.72%
Similar plansEducational Services · Iowa
William Penn University IA$28.2M · 0.21%
Mount Mercy University IA$26.9M · 0.36%
Act Education Corp. IA$25.7M · 0.02%
Grand View University IA$20.3M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421193639 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.