Plan Ledger DOL Form 5500 · updated monthly

Good Neighbor Society401(k)

GOOD NEIGHBOR SOCIETY EMPLOYEES' 401(K) PLAN · MANCHESTER, IA · plan year 2024

Reported admin expense ratio · 2024
0.96%

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

Good Neighbor Society reported $43,860 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,082 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 0.965%. 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 (702nd of 878), and 7,955th of 11,911 in health care & social assistance. In 2024, employees put in $1.59 for every $1.00 the employer contributed; active participation has grown from 153 to 177 since 2022.

Plan summary
Net assets, end of year$4,922,826
Participants with balances147
Active participants177
Employer contributions$191,484
Employee contributions$304,517
Employer contribution per active participant$1,082
Average account balance$33,489
Benefits paid to participants$406,402
Plan auditUnmodified (clean) audit opinion
AuditorBGHN ASSOCIATES, PC
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 147 accts · $191K emplr
2023$4.2M · 147 accts · $185K emplr
2022$3.3M · 141 accts · $135K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,380
Investment management$27,029
Trustee / custodial$2,776
Total administrative$43,860
The Good Neighbor Society 401(k) match · 2024
Employer contribution per active participant$1,082
Median for plans this size$1,313
2024$1,082 per active participant
2023$1,194 per active participant
2022$883 per active participant

Good Neighbor Society's 2024 employer contribution ran below 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
AVANTAX RETIREMENT PLAN SERVICES · Recordkeeping · Consulting$43,860

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024AVANTAX RETIREMENT PLAN SERVICES
2023AVANTAX RETIREMENT PLAN SERVICES

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$43,860 · 0.96%
2023$33,709 · 0.90%
2022$34,958 · 0.96%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
New Choices, Inc. IA$4.7M · 0.03%
Discovery Living, Inc. IA$4.5M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420846668 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.