Plan Ledger DOL Form 5500 · updated monthly

Handicap Village dba One Vision401(k)

HANDICAP VILLAGE D/B/A ONE VISION 401(K) RETIREMENT SAVINGS PLAN · CLEAR LAKE, IA · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Handicap Village dba One Vision reported $57,255 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. Employer contributions averaged $714 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 0.60%. 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 (590th of 878), and the 5,852nd of 11,911 in health care & social assistance. In 2024, employees put in $2.11 for every $1.00 the employer contributed; active participation has grown from 292 to 346 since 2022.

Plan summary
Net assets, end of year$9,547,883
Participants with balances259
Active participants346
Employer contributions$247,183
Employee contributions$521,588
Employer contribution per active participant$714
Average account balance$36,864
Benefits paid to participants$1,677,203
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 259 accts · $247K emplr
2023$9.4M · 251 accts · $241K emplr
2022$8.6M · 272 accts · $262K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,255
Total administrative$57,255
The Handicap Village dba One Vision 401(k) match · 2024
Employer contribution per active participant$714
Median for plans this size$1,313
2024$714 per active participant
2023$738 per active participant
2022$898 per active participant

Handicap Village dba One Vision'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$57,255
VISIONPOINT ADVISORY GROUP · 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$57,255 · 0.60%
2023$55,383 · 0.61%
2022$61,244 · 0.62%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
New Hope Village IA$10.8M · 0.54%
Trivium Life Services IA$10.0M · 0.85%
Progress Industries IA$10.0M · 0.51%
Hillcrest Family Services IA$9.6M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420953968 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.