Plan Ledger DOL Form 5500 · updated monthly

Harbor Group Inc.401(k)

HARBOR GROUP INC. 401(K) PLAN · SIOUX CENTER, IA · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Harbor Group Inc. reported $201,443 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $2,312 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 0.18% to 0.16%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 69th-largest of 878 plans among Iowa employers on file, and the 464th of 5,337 in construction. In 2024, employees put in $3.38 for every $1.00 the employer contributed; active participation has grown from 1,168 to 1,560 since 2022.

Plan summary
Net assets, end of year$141,526,516
Participants with balances1,870
Active participants1,560
Employer contributions$3,606,487
Employee contributions$12,173,499
Employer contribution per active participant$2,312
Average account balance$75,683
Benefits paid to participants$6,887,763
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$141.5M · 1,870 accts · $3.6M emplr
2023$113.2M · 1,681 accts · $2.9M emplr
2022$91.6M · 1,510 accts · $2.3M emplr
The Harbor Group Inc. 401(k) match · 2024
Employer contribution per active participant$2,312
Median for plans this size$3,635
2024$2,312 per active participant
2023$2,138 per active participant
2022$1,963 per active participant

Harbor Group Inc.'s 2024 employer contribution ran below the $3,635 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
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$129,445
UBS FINANCIAL SERVICES, INC · Consulting$69,190

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$201,443 · 0.16%
2023$175,198 · 0.17%
2022$178,971 · 0.18%
Same employer
Similar plansConstruction · Iowa
Baker Mechanical, Inc. IA$227.8M · 0.09%
The Waldinger Corporation IA$198.7M · 0.07%
The Weitz Company, LLC IA$149.6M · 0.14%
Manatts, Inc. IA$130.7M · 0.10%
Peterson Contractors, Inc. IA$76.4M · 0.14%
Klinger Companies, L.L.C. IA$70.3M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421492435 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.