Plan Ledger DOL Form 5500 · updated monthly

Goodwill Industries of Ne Iowa, Inc.401(k)

GOODWILL INDUSTRIES OF NE IOWA, INC. 401(K) PROFIT SHARING PLAN · WATERLOO, IA · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Goodwill Industries of Ne Iowa, Inc. reported $39,503 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $861 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 0.58%. 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 (640th of 878), and 6,760th of 11,911 in health care & social assistance. In 2024, employees put in $1.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,231,416
Participants with balances371
Active participants327
Employer contributions$281,653
Employee contributions$302,719
Employer contribution per active participant$861
Average account balance$19,492
Benefits paid to participants$429,683
Plan auditUnmodified (clean) audit opinion
AuditorHOGAN - HANSEN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$7.2M · 371 accts · $282K emplr
2023$6.3M · 380 accts · $279K emplr
2022$5.4M · 257 accts · $228K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,503
Total administrative$39,503
The Goodwill Industries of Ne Iowa, Inc. 401(k) match · 2024
Employer contribution per active participant$861
Median for plans this size$1,313
2024$861 per active participant
2023$854 per active participant
2022$689 per active participant

Goodwill Industries of Ne Iowa, Inc.'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$39,503
ACCEL WEALTH MANAGEMENT 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$39,503 · 0.58%
2023$36,200 · 0.62%
2022$35,199 · 0.59%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
Iowa Home Care, LLC IA$8.0M · 0.40%
Blue Stone Therapy, Inc. IA$7.7M · 0.73%
Mid Step Services Inc IA$6.3M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420839399 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.