Plan Ledger DOL Form 5500 · updated monthly

Iowa Bankers Insurance and Services, Inc.401(k)

IOWA BANKERS INSURANCE & SERVICES, INC. 401(K) PLAN & TRUST · JOHNSTON, IA · plan year 2025

Reported admin expense ratio · 2025
0.21%

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

Iowa Bankers Insurance and Services, Inc. reported $74,259 in plan administrative expenses for 2025: 0.21% of average plan assets, below the peer median. Employer contributions averaged $3,832 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 4 years on file its reported administrative ratio has held roughly steady near 0.212%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other finance & insurance employers. By assets it is the 248th-largest of 878 plans among Iowa employers on file, and the 2,089th of 4,798 in finance & insurance. In 2025, employees put in $2.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$37,029,379
Participants with balances225
Active participants198
Employer contributions$758,743
Employee contributions$1,789,531
Employer contribution per active participant$3,832
Average account balance$164,575
Benefits paid to participants$4,153,681
Plan auditUnmodified (clean) audit opinion
AuditorDELOITTE & TOUCHE
Plan history4
Yearassets · accounts · employer contribution
2025$37.0M · 225 accts · $759K emplr
2024$33.2M · 223 accts · $738K emplr
2023$28.1M · 224 accts · $685K emplr
2022$23.8M · 226 accts · $663K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$74,259
Total administrative$74,259
The Iowa Bankers Insurance and Services, Inc. 401(k) match · 2025
Employer contribution per active participant$3,832
Median for plans this size$2,666
2025$3,832 per active participant
2024$3,763 per active participant
2023$3,512 per active participant
2022$3,415 per active participant

Iowa Bankers Insurance and Services, Inc.'s 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$76,785
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS 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 history4
2025$74,259 · 0.21%
2024$66,200 · 0.22%
2023$54,412 · 0.21%
2022$57,437 · 0.21%
Same employer
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Farmers State Bank IA$43.8M · 0.17%
First Citizens Bank Corp. IA$41.8M · 0.13%
Delta Dental of Iowa IA$37.8M · 0.14%
Commercial Financial Corp IA$32.8M · 0.24%
Peoples Bank IA$32.3M · 0.22%
Fidelity Ban Corporation IA$28.1M · 0.27%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 420984998 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.