Plan Ledger DOL Form 5500 · updated monthly

Hartig Drug Company401(k)

SAVINGS PLAN FOR EMPLOYEES OF HARTIG DRUG COMPANY · DUBUQUE, IA · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Hartig Drug Company reported $81,786 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $811 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 rose from 0.40% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 401st-largest of 878 plans among Iowa employers on file, and the 1,458th of 5,215 in retail trade. In 2024, employees put in $4.15 for every $1.00 the employer contributed; active participation has grown from 326 to 371 since 2022.

Plan summary
Net assets, end of year$19,929,783
Participants with balances396
Active participants371
Employer contributions$300,937
Employee contributions$1,247,772
Employer contribution per active participant$811
Average account balance$50,328
Benefits paid to participants$2,353,463
Plan auditUnmodified (clean) audit opinion
AuditorHONKAMP, PC
Plan history3
Yearassets · accounts · employer contribution
2024$19.9M · 396 accts · $301K emplr
2023$18.2M · 370 accts · $281K emplr
2022$16.1M · 357 accts · $247K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,786
Total administrative$81,786
The Hartig Drug Company 401(k) match · 2024
Employer contribution per active participant$811
Median for plans this size$2,416
2024$811 per active participant
2023$828 per active participant
2022$759 per active participant

Hartig Drug Company's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$81,785
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp
WELLTH ADVISORY SERVICES, LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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$81,786 · 0.43%
2023$73,661 · 0.43%
2022$70,861 · 0.40%
Same employer
Similar plansRetail Trade · Iowa
Sioux City Truck Sales IA$23.5M · 0.35%
Onerorx, Inc. IA$18.4M · 0.54%
Theisen Supply, Inc. IA$17.9M · 0.33%
Homemakers Plaza, Inc. IA$16.8M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420298860 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.