Plan Ledger DOL Form 5500 · updated monthly

Iowa Beverage Systems, Inc.401(k)

IOWA BEVERAGE SYSTEMS, INC. EMPLOYEES' PROFIT SHARING AND 401(K) PLAN · DES MOINES, 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

Iowa Beverage Systems, Inc. reported $84,593 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $1,247 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 0.46% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 379th-largest of 878 plans among Iowa employers on file, and the 1,802nd of 4,246 in wholesale trade. In 2024, employees put in $2.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,331,685
Participants with balances335
Active participants295
Employer contributions$367,919
Employee contributions$959,801
Employer contribution per active participant$1,247
Average account balance$63,677
Benefits paid to participants$1,012,653
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.3M · 335 accts · $368K emplr
2023$18.1M · 347 accts · $362K emplr
2022$14.9M · 292 accts · $307K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,593
Total administrative$84,593
The Iowa Beverage Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$1,247
Median for plans this size$2,416
2024$1,247 per active participant
2023$1,187 per active participant
2022$999 per active participant

Iowa Beverage Systems, Inc.'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$84,575
EDWARD JONES · Investment advisory (plan)indirect comp
QUALIFIED PLAN CONSULTANTS, LLC · Other servicesindirect comp
WILSHIRE ASSOCIATES INCORPORATED · 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$84,593 · 0.43%
2023$79,728 · 0.48%
2022$76,457 · 0.46%
Same employer
Similar plansWholesale Trade · Iowa
Rmh Systems, Inc. IA$26.1M · 0.22%
Brownells, Inc. IA$23.4M · 0.52%
The Vernon Company IA$21.1M · 0.11%
Igd Industries, Inc. IA$20.5M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421315877 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.