Plan Ledger DOL Form 5500 · updated monthly

Greatamerica Financial Services Corporation401(k)

GREATAMERICA FINANCIAL SERVICES CORPORATION 401(K) PROFIT SHARING PLAN · CEDAR RAPIDS, IA · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Greatamerica Financial Services Corporation reported $147,694 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $7,114 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 0.10% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 53rd-largest of 878 plans among Iowa employers on file, and the 66th of 2,096 in real estate & leasing. In 2024, employees put in $1.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$178,588,716
Participants with balances884
Active participants751
Employer contributions$5,342,693
Employee contributions$7,416,975
Employer contribution per active participant$7,114
Average account balance$202,023
Benefits paid to participants$13,683,479
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$178.6M · 884 accts · $5.3M emplr
2023$154.5M · 836 accts · $5.2M emplr
2022$126.0M · 774 accts · $4.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,691
Audit (IQPA)$16,753
Total administrative$147,694
The Greatamerica Financial Services Corporation 401(k) match · 2024
Employer contribution per active participant$7,114
Median for plans this size$3,635
2024$7,114 per active participant
2023$6,948 per active participant
2022$6,560 per active participant

Greatamerica Financial Services Corporation's 2024 employer contribution ran above the $3,635 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
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$79,691
CAPITAL STRATEGIES INVESTMENT GROUP$51,250
CLIFTONLARSONALLEN LLP$16,753

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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Administrative cost history3
2024$147,694 · 0.09%
2023$150,782 · 0.11%
2022$138,888 · 0.10%
Same employer
Similar plansReal Estate & Leasing · Iowa
Camden Development Inc. TX$195.4M · 0.02%
Pentegra Services, Inc. NY$192.1M · 0.76%
Regency Centers FL$191.3M · 0.08%
Bozzuto & Associates, Inc. MD$190.0M · 0.25%
Willow Bridge E.C.W. LLC TX$177.3M · 0.21%
Compass, Inc. NY$172.2M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421425592 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.