Plan Ledger DOL Form 5500 · updated monthly

Gerkin Windows & Doors401(k)

GERKIN WINDOWS & DOORS 401(K) P/S PLAN · SIOUX CITY, IA · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Gerkin Windows & Doors reported $57,925 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $5,266 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 0.353%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Iowa (448th of 878), and the 6,544th of 13,661 in manufacturing. In 2024, the employer put in $1.55 for every $1.00 employees contributed themselves; active participation has grown from 181 to 203 since 2022.

Plan summary
Net assets, end of year$17,107,659
Participants with balances258
Active participants203
Employer contributions$1,068,977
Employee contributions$690,942
Employer contribution per active participant$5,266
Average account balance$66,309
Benefits paid to participants$1,928,266
Plan auditUnmodified (clean) audit opinion
AuditorHENJES CONNER AND WILLIAMS PC
Plan history3
Yearassets · accounts · employer contribution
2024$17.1M · 258 accts · $1.1M emplr
2023$15.7M · 240 accts · $1.0M emplr
2022$12.4M · 219 accts · $932K emplr
Administrative expenses, itemized · 2024
Investment management$52,409
Trustee / custodial$5,516
Total administrative$57,925
The Gerkin Windows & Doors 401(k) match · 2024
Employer contribution per active participant$5,266
Median for plans this size$2,416
2024$5,266 per active participant
2023$5,029 per active participant
2022$5,148 per active participant

Gerkin Windows & Doors's 2024 employer contribution ran above the $2,416 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 · 20243
SECURITY NATIONAL BANK · Trustee · Investment management$52,409
CHARLES SCHWAB BANK · Investment management · Custodial (securities)$5,516

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$57,925 · 0.35%
2023$49,919 · 0.35%
2022$45,185 · 0.35%
Same employer
Similar plansManufacturing · Iowa
Freund-Vector Corporation IA$17.9M · 0.31%
Co-Line Welding, Inc. IA$17.3M · 0.35%
Frm Socks LLC IA$17.1M · 0.49%
Raining Rose, Inc. IA$15.7M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421368811 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.