Plan Ledger DOL Form 5500 · updated monthly

Fiberutilities Group LLC C/O Hills Bank and Trust Company401(k)

FIBERUTILITIES GROUP 401(K) PLAN · NORTH LIBERTY, IA · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Fiberutilities Group LLC C/O Hills Bank and Trust Company reported $50,310 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. Employer contributions averaged $2,527 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 rose from 0.42% to 0.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Iowa (562nd of 878), and 7,783rd of 11,654 in professional & technical services. In 2024, employees put in $2.18 for every $1.00 the employer contributed; active participation has grown from 115 to 127 since 2022.

Plan summary
Net assets, end of year$10,685,305
Participants with balances131
Active participants127
Employer contributions$320,992
Employee contributions$699,801
Employer contribution per active participant$2,527
Average account balance$81,567
Benefits paid to participants$455,947
Plan auditUnmodified (clean) audit opinion
AuditorBGHN ASSOCIATES, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 131 accts · $321K emplr
2023$8.7M · 131 accts · $311K emplr
2022$6.6M · 111 accts · $337K emplr
Administrative expenses, itemized · 2024
Investment management$50,310
Total administrative$50,310
The Fiberutilities Group LLC C/O Hills Bank and Trust Company 401(k) match · 2024
Employer contribution per active participant$2,527
Median for plans this size$1,313
2024$2,527 per active participant
2023$2,679 per active participant
2022$2,929 per active participant

Fiberutilities Group LLC C/O Hills Bank and Trust Company's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20241
HILLS BANK AND TRUST COMPANY · Investment advisory (plan)$50,310

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$50,310 · 0.52%
2023$50,045 · 0.65%
2022$28,754 · 0.42%
Same employer
Similar plansProfessional & Technical Services · Iowa
The Meyocks Group, Inc. IA$14.4M · 0.10%
Continuum Advantage, LLC IA$14.3M · 0.72%
Leepfrog Technologies, Inc. IA$13.9M · 0.07%
Economy Advertising Company IA$11.2M · 0.43%
Lumos Pharma, Inc. IA$8.6M · 0.01%
Wdc Acquisition LLC IA$8.5M · 0.85%
Spinutech, LLC IA$7.9M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200792778 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.