Plan Ledger DOL Form 5500 · updated monthly

Hydro-Klean LLC401(k)

HYDRO-KLEAN LLC PROFIT SHARING PLAN AND TRUST · DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.82%

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

Hydro-Klean LLC reported $42,702 in plan administrative expenses for 2024: 0.82% of average plan assets, above the peer median. Employer contributions averaged $1,528 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 0.52% to 0.82%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Iowa (673rd of 878), and 9,382nd of 11,654 in professional & technical services. In 2024, employees put in $2.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,040,937
Participants with balances138
Active participants213
Employer contributions$325,458
Employee contributions$776,135
Employer contribution per active participant$1,528
Average account balance$43,775
Benefits paid to participants$157,424
Plan auditUnmodified (clean) audit opinion
AuditorDENMAN CPA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 138 accts · $325K emplr
2023$4.4M · 116 accts · $293K emplr
2022$4.0M · 128 accts · $265K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,066
Investment management$25,636
Total administrative$42,702
The Hydro-Klean LLC 401(k) match · 2024
Employer contribution per active participant$1,528
Median for plans this size$1,313
2024$1,528 per active participant
2023$1,443 per active participant
2022$1,339 per active participant

Hydro-Klean LLC's 2024 employer contribution ran above 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
IRON HORSE WEALTH MANAGEMENT · Recordkeeping · Trustee$25,636
ADP, INC. · Loan processing · Recordkeeping$17,066

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

Recordkeeper by year2
2024ADP, IRON HORSE WEALTH MANAGEMENT
2023ADP, IRON HORSE WEALTH MANAGEMENT

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

Administrative cost history3
2024$42,702 · 0.82%
2023$33,888 · 0.80%
2022$21,181 · 0.52%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 452473053 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.