Plan Ledger DOL Form 5500 · updated monthly

Iowa Premium, LLC401(k)

IOWA PREMIUM RETIREMENT SAVINGS PLAN · TAMA, IA · plan year 2022

Reported admin expense ratio · 2022
3.29%

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

Iowa Premium, LLC reported $25,007 in plan administrative expenses for 2022: 3.29% of average plan assets, higher than ~90% of peers. Employer contributions averaged $6,899 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Iowa (878th of 878), and 13,653rd of 13,661 in manufacturing.

Plan summary
Net assets, end of year$2,173
Participants with balances1
Active participants1
Employer contributions$6,899
Employee contributions$0
Employer contribution per active participant$6,899
Average account balance$2,173
Benefits paid to participants$1,270,582
Plan auditUnmodified (clean) audit opinion
AuditorBGHN ASSOCIATES, P.C.
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$25,007
Total administrative$25,007
The Iowa Premium, LLC 401(k) match · 2022
Employer contribution per active participant$6,899
Median for plans this size$331

Iowa Premium, LLC's 2022 employer contribution ran above the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$25,007 · 3.29%
Similar plansManufacturing · Iowa
Meridian Manufacturing, Inc. IA$1.8M · 0.40%
Salford Inc. IA$1.7M · 0.94%
Westwind Logistics, LLC IA$1.3M · 1.57%
Iml Containers Iowa, Inc. IA$333K · 1.53%
Semahtronix, LLC AR$13K · 2.30%
Softex Paper Inc. FL$8K · 0.01%
Ripley Tools LLC CT$4K · 0.83%
The Marvel Group, Inc. IL$3K · 0.06%

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 274412548 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.