Plan Ledger DOL Form 5500 · updated monthly

Groschopp, Inc.401(k)

GROSCHOPP 401(K) PROFIT SHARING PLAN · SIOUX CENTER, IA · plan year 2025

Reported admin expense ratio · 2025
0.41%

Groschopp, Inc. reported $53,564 in plan administrative expenses for 2025: 0.41% of average plan assets, above the peer median. 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 rose from 0.28% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Iowa (520th of 878), and 7,543rd of 13,661 in manufacturing. active participation has shrunk from 159 to 129 since 2022.

Plan summary
Net assets, end of year$13,552,694
Participants with balances161
Active participants129
Employer contributions—
Employee contributions$394,845
Employer contribution per active participant—
Average account balance$84,178
Benefits paid to participants$654,897
Plan auditUnmodified (clean) audit opinion
AuditorKROESE & KROESE, P.C.
Plan history4
Yearassets · accounts · employer contribution
2025$13.6M · 161 accts
2024$12.3M · 174 accts
2023$11.9M · 194 accts
2022$11.0M · 201 accts
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$53,564
Total administrative$53,564
What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$53,564
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS 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 history4
2025$53,564 · 0.41%
2024$66,828 · 0.55%
2023$13,402 · 0.12%
2022$34,567 · 0.28%
Same employer
Similar plansManufacturing · Iowa
Weiler, Inc. IA$14.6M · 0.62%
Mobotrex, Inc. IA$13.3M · 0.68%
Pdm Precast, Inc. IA$13.2M · 0.08%
Midwest Metal Products Co. IA$13.2M · 0.30%
Gmt LLC IA$12.6M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060954740 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.