Plan Ledger DOL Form 5500 · updated monthly

Iowa Student Loan Liquidity401(k)

IOWA STUDENT LOAN LIQUIDITY CORPORATION 401(K) RETIREMENT PLAN · WEST DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Iowa Student Loan Liquidity reported $26,081 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,424 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 rose from 0.02% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 160th-largest of 878 plans among Iowa employers on file, and the 355th of 3,341 in other services. In 2024, the employer put in $1.01 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$61,036,811
Participants with balances232
Active participants163
Employer contributions$1,373,125
Employee contributions$1,362,320
Employer contribution per active participant$8,424
Average account balance$263,090
Benefits paid to participants$2,831,217
Plan auditUnmodified (clean) audit opinion
AuditorMARSHALL VANDER LINDEN CPA, PLC
Plan history3
Yearassets · accounts · employer contribution
2024$61.0M · 232 accts · $1.4M emplr
2023$54.9M · 231 accts · $1.4M emplr
2022$53.9M · 229 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,081
Total administrative$26,081
The Iowa Student Loan Liquidity 401(k) match · 2024
Employer contribution per active participant$8,424
Median for plans this size$3,635
2024$8,424 per active participant
2023$8,113 per active participant
2022$8,682 per active participant

Iowa Student Loan Liquidity's 2024 employer contribution ran above the $3,635 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$25,637
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$26,081 · 0.04%
2023$10,154 · 0.02%
2022$9,366 · 0.02%
Similar plansOther Services · Iowa
Vgm Group Inc IA$414.4M
Albaugh, LLC IA$72.0M · 0.31%
Ovation Holdings IA$45.3M · 0.75%
Abc of Iowa IA$34.3M · 0.34%
United Way of Central Iowa IA$33.4M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421137531 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.