Plan Ledger DOL Form 5500 · updated monthly

Doerfer Corporation401(k)

DOERFER CORPORATION 401(K) PROFIT SHARING PLAN & TRUST · WAVERLY, IA · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Doerfer Corporation reported $96,087 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $1,453 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 0.31% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 235th-largest of 878 plans among Iowa employers on file, and the 3,675th of 13,661 in manufacturing. In 2024, employees put in $4.23 for every $1.00 the employer contributed; active participation has grown from 285 to 341 since 2022.

Plan summary
Net assets, end of year$40,019,540
Participants with balances403
Active participants341
Employer contributions$495,440
Employee contributions$2,095,237
Employer contribution per active participant$1,453
Average account balance$99,304
Benefits paid to participants$3,623,291
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$40.0M · 403 accts · $495K emplr
2023$36.1M · 397 accts · $435K emplr
2022$32.4M · 392 accts · $394K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,748
Investment management$89,379
Trustee / custodial$960
Total administrative$96,087
The Doerfer Corporation 401(k) match · 2024
Employer contribution per active participant$1,453
Median for plans this size$2,416
2024$1,453 per active participant
2023$1,394 per active participant
2022$1,382 per active participant

Doerfer Corporation's 2024 employer contribution ran below 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 · 20242
PAYCHEX, INC. · Recordkeeping$5,673
MERRILL LYNCH, PIERCE, FENNER · Investment advisory (plan)$90,736

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

Recordkeeper by year2
2024Paychex
2023Bank of America / Merrill, Paychex

This plan has changed recordkeepers within these filings. If you left Doerfer Corporation before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$96,087 · 0.25%
2023$99,988 · 0.29%
2022$116,531 · 0.31%
Same employer
Similar plansManufacturing · Iowa
Omaha Standard, LLC IA$46.8M · 0.44%
Custom-Pak, Inc. IA$46.5M · 0.04%
Purfoods, LLC IA$42.7M · 0.73%
Dyersville Ready Mix, Inc. IA$37.8M · 0.21%
Marshalltown Company IA$37.1M · 0.42%
Webber Metal Products, Inc. IA$36.1M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 912193380 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.