Plan Ledger DOL Form 5500 · updated monthly

Hawkeye Area Community Action Program, Inc.403(b)

HAWKEYE AREA COMMUNITY ACTION PROGRAM RETIREMENT PLAN · HIAWATHA, IA · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Hawkeye Area Community Action Program, Inc. reported $42,697 in plan administrative expenses for 2024: 0.50% of average plan assets, below the peer median. Employer contributions averaged $636 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 0.50%. 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 (600th of 878), and 6,045th of 11,911 in health care & social assistance. In 2024, employees put in $1.58 for every $1.00 the employer contributed; active participation has grown from 336 to 391 since 2022.

Plan summary
Net assets, end of year$9,044,584
Participants with balances107
Active participants391
Employer contributions$248,871
Employee contributions$393,696
Employer contribution per active participant$636
Average account balance$84,529
Benefits paid to participants$730,302
Plan auditDisclaimer of opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 107 accts · $249K emplr
2023$8.0M · 106 accts · $253K emplr
2022$6.8M · 112 accts · $243K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,697
Total administrative$42,697
Employer contributions to the Hawkeye Area Community Action Program, Inc. plan · 2024
Employer contribution per active participant$636
Median for plans this size$1,313
2024$636 per active participant
2023$725 per active participant
2022$724 per active participant

Hawkeye Area Community Action Program, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$42,697
GLOBAL RETIREMENT PARTNERS 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 history3
2024$42,697 · 0.50%
2023$38,162 · 0.52%
2022$37,249 · 0.49%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
Hillcrest Family Services IA$9.6M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420898405 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.