Plan Ledger DOL Form 5500 · updated monthly

Echo Group, Inc.401(k)

ECHO GROUP, INC. 401(K) PROFIT SHARING PLAN · COUNCIL BLUFFS, IA · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Echo Group, Inc. reported $262,515 in plan administrative expenses for 2024: 0.45% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,284 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 0.45%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 155th-largest of 878 plans among Iowa employers on file, and the 662nd of 4,246 in wholesale trade. In 2024, employees put in $3.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$62,436,136
Participants with balances643
Active participants587
Employer contributions$1,340,953
Employee contributions$4,367,218
Employer contribution per active participant$2,284
Average account balance$97,101
Benefits paid to participants$5,674,715
Plan auditUnmodified (clean) audit opinion
AuditorKROESE & KROESE
Plan history3
Yearassets · accounts · employer contribution
2024$62.4M · 643 accts · $1.3M emplr
2023$54.9M · 707 accts · $1.3M emplr
2022$43.9M · 662 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$147,001
Investment management$115,514
Total administrative$262,515
The Echo Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,284
Median for plans this size$3,635
2024$2,284 per active participant
2023$2,038 per active participant
2022$1,907 per active participant

Echo Group, Inc.'s 2024 employer contribution ran below the $3,635 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
COMMERCE BANK · Investment advisory (plan)$110,982
EMPOWER ADVISORY GROUP, LLC · Investment management$4,532

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$262,515 · 0.45%
2023$208,981 · 0.42%
2022$204,556 · 0.43%
Same employer
Similar plansWholesale Trade · Iowa
Altorfer Inc. IA$162.8M · 0.09%
State Steel Supply Co. IA$72.3M · 0.00%
Barton Solvents, Inc. IA$64.6M · 0.28%
Tomy International, Inc. IA$54.5M · 0.34%
Plumb Supply Company IA$54.5M · 0.27%
Iowa 80 Group, Inc. IA$53.4M · 0.16%
Quick Supply Company IA$48.4M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420669352 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.