Plan Ledger DOL Form 5500 · updated monthly

Iowa Rotocast Plastics, Inc.401(k)

IOWA ROTOCAST PLASTICS, INC. 401(K) PLAN · DECORAH, IA · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Iowa Rotocast Plastics, Inc. reported $87,838 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,300 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 3 years on file its reported administrative ratio has held roughly steady near 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 431st-largest of 878 plans among Iowa employers on file, and the 6,336th of 13,661 in manufacturing. In 2024, employees put in $1.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,021,374
Participants with balances196
Active participants177
Employer contributions$407,163
Employee contributions$694,870
Employer contribution per active participant$2,300
Average account balance$91,946
Benefits paid to participants$978,483
Plan auditUnmodified (clean) audit opinion
AuditorHACKER, NELSON & CO., INC.
Plan history3
Yearassets · accounts · employer contribution
2024$18.0M · 196 accts · $407K emplr
2023$15.6M · 190 accts · $400K emplr
2022$13.1M · 194 accts · $390K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,921
Investment management$3,391
Total administrative$87,838
The Iowa Rotocast Plastics, Inc. 401(k) match · 2024
Employer contribution per active participant$2,300
Median for plans this size$2,416
2024$2,300 per active participant
2023$2,222 per active participant
2022$2,204 per active participant

Iowa Rotocast Plastics, Inc.'s 2024 employer contribution ran below the $2,416 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
MIDWEST GROUP BENEFITS, INC. · Recordkeeping · Consulting$10,921
JOHN HANCOCK · Recordkeeping · Investment management$3,914

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

Recordkeeper by year2
2024John Hancock, MIDWEST GROUP BENEFITS, INC.
2023John Hancock, MIDWEST GROUP BENEFITS, INC.

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Administrative cost history3
2024$87,838 · 0.52%
2023$76,934 · 0.54%
2022$76,323 · 0.53%
Same employer
Similar plansManufacturing · Iowa
Dethmers Manufacturing Co IA$18.2M · 0.60%
Anderson Erickson Dairy Co. IA$18.2M · 0.24%
Freund-Vector Corporation IA$17.9M · 0.31%
Co-Line Welding, Inc. IA$17.3M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421279013 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.