Plan Ledger DOL Form 5500 · updated monthly

Dubuque Racing Association, LTD401(k)

DUBUQUE RACING ASSOCIATION 401(K) SAVINGS PLAN · DUBUQUE, IA · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Dubuque Racing Association, LTD reported $54,904 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $708 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 0.39% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Iowa (480th of 878), and the 396th of 2,240 in accommodation & food services. In 2024, employees put in $1.67 for every $1.00 the employer contributed; active participation has grown from 375 to 545 since 2022.

Plan summary
Net assets, end of year$15,448,802
Participants with balances205
Active participants545
Employer contributions$385,954
Employee contributions$644,388
Employer contribution per active participant$708
Average account balance$75,360
Benefits paid to participants$1,083,530
Plan auditUnmodified (clean) audit opinion
AuditorHONKAMP LLC
Plan history3
Yearassets · accounts · employer contribution
2024$15.4M · 205 accts · $386K emplr
2023$14.0M · 213 accts · $377K emplr
2022$14.1M · 233 accts · $389K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,359
Investment management$18,362
Total administrative$54,904
The Dubuque Racing Association, LTD 401(k) match · 2024
Employer contribution per active participant$708
Median for plans this size$2,416
2024$708 per active participant
2023$982 per active participant
2022$1,036 per active participant

Dubuque Racing Association, LTD's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$13,569
WELLTH ADVISORY SERVICES LLC · Investment advisory (plan)$4,793
LPL FINANCIAL LLCindirect comp

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$54,904 · 0.37%
2023$54,814 · 0.39%
2022$64,881 · 0.39%
Same employer
Similar plansAccommodation & Food Services · Iowa
Elite Casino Resorts, LLC IA$25.4M · 0.91%
Palmer Companies, Inc. IA$19.2M · 0.00%
Pizza Ranch, Inc. IA$14.0M · 0.26%
Kinseth Hotel Corporation IA$11.3M · 0.52%
Peter Joseph, Inc. IA$4.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421235183 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.