Plan Ledger DOL Form 5500 · updated monthly

Grand View UniversityMoney purchase plan

GRAND VIEW UNIVERSITY EMPLOYEES' MONEY PURCHASE PLAN · DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Grand View University reported $78,217 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $4,189 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 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 396th-largest of 878 plans among Iowa employers on file, and 1,588th of 3,091 in educational services.

Plan summary
Net assets, end of year$20,297,319
Participants with balances302
Active participants227
Employer contributions$950,862
Employee contributions—
Employer contribution per active participant$4,189
Average account balance$67,210
Benefits paid to participants$884,973
Plan auditUnmodified (clean) audit opinion
AuditorFORGE FINANCIAL AND MANAGEMENT CONS
Plan history3
Yearassets · accounts · employer contribution
2024$20.3M · 302 accts · $951K emplr
2023$18.2M · 294 accts · $911K emplr
2022$16.0M · 290 accts · $937K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,217
Total administrative$78,217
Employer contributions to the Grand View University plan · 2024
Employer contribution per active participant$4,189
Median for plans this size$2,416
2024$4,189 per active participant
2023$3,811 per active participant
2022$4,075 per active participant

Grand View University'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$78,216
CAPFINANCIAL PARTNERS 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$78,217 · 0.41%
2023$69,172 · 0.40%
2022$63,978 · 0.40%
Same employer
Similar plansEducational Services · Iowa
Briar Cliff University IA$28.6M · 0.14%
William Penn University IA$28.2M · 0.21%
Mount Mercy University IA$26.9M · 0.36%
Act Education Corp. IA$25.7M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420681049 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.