Plan Ledger DOL Form 5500 · updated monthly

Greater Des Moines Habitat for Humanity403(b)

DES MOINES HABITAT FOR HUMANITY 403(B) PLAN · DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Greater Des Moines Habitat for Humanity reported $1,477 in plan administrative expenses for 2024: 0.27% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,593 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.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Iowa (860th of 878), and 5,213th of 5,337 in construction. In 2024, employees put in $2.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$552,915
Participants with balances105
Active participants98
Employer contributions$156,140
Employee contributions$320,282
Employer contribution per active participant$1,593
Average account balance$5,266
Benefits paid to participants$10,059
Plan auditUnmodified (clean) audit opinion
AuditorSMITH+ HOWARD
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,477
Total administrative$1,477
Employer contributions to the Greater Des Moines Habitat for Humanity plan · 2024
Employer contribution per active participant$1,593
Median for plans this size$540

Greater Des Moines Habitat for Humanity's 2024 employer contribution ran above the $540 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 · 20241
THE VANGUARD GROUP, INC. · Recordkeeping$1,477

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

Administrative cost history1
2024$1,477 · 0.27%
Similar plansConstruction · Iowa
Ankeny Glass IA$1.3M · 0.59%
Trismart Solar LLC TX$558K · 3.15%
Syngularity MD$554K · 5.69%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 421275330 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.