Plan Ledger DOL Form 5500 · updated monthly

Ellipsis, Inc.401(k)

ELLIPSIS, INC. 401(K) PLAN · JOHNSTON, IA · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Ellipsis, Inc. reported $22,440 in plan administrative expenses for 2024: 0.40% of average plan assets, below the peer median. Employer contributions averaged $1,862 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 0.54% to 0.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Iowa (667th of 878), and 7,277th of 11,911 in health care & social assistance. In 2024, employees put in $1.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,150,599
Participants with balances194
Active participants156
Employer contributions$290,431
Employee contributions$552,946
Employer contribution per active participant$1,862
Average account balance$31,704
Benefits paid to participants$565,431
Plan auditUnmodified (clean) audit opinion
AuditorDENMAN CPA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 194 accts · $290K emplr
2023$5.2M · 189 accts · $270K emplr
2022$4.1M · 189 accts · $251K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,440
Total administrative$22,440
The Ellipsis, Inc. 401(k) match · 2024
Employer contribution per active participant$1,862
Median for plans this size$1,313
2024$1,862 per active participant
2023$1,874 per active participant
2022$1,770 per active participant

Ellipsis, Inc.'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$22,439

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$22,440 · 0.40%
2023$20,576 · 0.44%
2022$21,404 · 0.54%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
Mid Step Services Inc IA$6.3M · 0.57%
Friendship Haven, Inc. IA$6.1M · 0.98%
Infinity Health IA$6.1M · 0.04%
Optimae Liefservices Inc IA$5.9M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420680439 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.