Plan Ledger DOL Form 5500 · updated monthly

Iowa Donor Network401(k)

IOWA DONOR NETWORK 401(K) PLAN · NORTH LIBERTY, IA · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Iowa Donor Network reported $19,982 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,034 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 0.29% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 354th-largest of 878 plans among Iowa employers on file, and the 4,955th of 11,654 in professional & technical services. In 2024, the employer put in $1.10 for every $1.00 employees contributed themselves; active participation has grown from 169 to 203 since 2022.

Plan summary
Net assets, end of year$23,626,425
Participants with balances251
Active participants203
Employer contributions$1,427,968
Employee contributions$1,295,345
Employer contribution per active participant$7,034
Average account balance$94,129
Benefits paid to participants$1,778,697
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.6M · 251 accts · $1.4M emplr
2023$20.0M · 224 accts · $1.3M emplr
2022$16.2M · 210 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,982
Total administrative$19,982
The Iowa Donor Network 401(k) match · 2024
Employer contribution per active participant$7,034
Median for plans this size$2,416
2024$7,034 per active participant
2023$7,621 per active participant
2022$7,468 per active participant

Iowa Donor Network's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · Loan processing$19,981
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$19,982 · 0.09%
2023$52,333 · 0.29%
2022$47,278 · 0.29%
Same employer
Similar plansProfessional & Technical Services · Iowa
Beams, LLC IA$27.7M · 0.44%
Scintilla Eg Holdings, Inc. IA$27.2M · 0.38%
Strategic America, Inc. IA$27.1M · 0.30%
Distek Integration, Inc. IA$23.7M · 0.28%
Whks & Co IA$23.6M · 0.00%
Involta, LLC IA$23.1M · 0.03%
Mechdyne Corporation IA$22.2M · 0.33%
Benchmark, Inc. IA$21.4M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421414092 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.