Plan Ledger DOL Form 5500 · updated monthly

Four Oaks Family and Children Services401(k)

FOUR OAKS ENTERPRISE RETIREMENT PLAN · CEDAR RAPIDS, IA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Four Oaks Family and Children Services reported $21,940 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $490 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 0.11% to 0.10%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 372nd-largest of 878 plans among Iowa employers on file, and the 3,441st of 11,911 in health care & social assistance. In 2024, employees put in $4.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,028,397
Participants with balances947
Active participants753
Employer contributions$369,273
Employee contributions$1,747,341
Employer contribution per active participant$490
Average account balance$23,261
Benefits paid to participants$3,969,874
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.0M · 947 accts · $369K emplr
2023$21.4M · 950 accts · $474K emplr
2022$18.6M · 981 accts · $561K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,940
Total administrative$21,940
The Four Oaks Family and Children Services 401(k) match · 2024
Employer contribution per active participant$490
Median for plans this size$2,416
2024$490 per active participant
2023$626 per active participant
2022$754 per active participant

Four Oaks Family and Children Services'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$21,940
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$21,940 · 0.10%
2023$21,286 · 0.11%
2022$19,403 · 0.11%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
Abcm Corporation IA$26.4M · 0.58%
Hope Haven, Inc. IA$26.2M · 0.57%
Lifeserve Blood Center IA$22.7M · 0.38%
Shenandoah Medical Center IA$21.0M · 0.27%
Virginia Gay Hospital IA$20.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420998726 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.