Plan Ledger DOL Form 5500 · updated monthly

Manatts, Inc.401(k)

MANATTS, INC. AND AFFILIATED COMPANIES 401(K) RETIREMENT PLAN · BROOKLYN, IA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Manatts, Inc. reported $125,152 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $2,532 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 0.102%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 74th-largest of 878 plans among Iowa employers on file, and the 494th of 5,337 in construction. In 2024, employees put in $1.33 for every $1.00 the employer contributed; active participation has grown from 1,366 to 1,683 since 2022.

Plan summary
Net assets, end of year$130,653,860
Participants with balances2,088
Active participants1,683
Employer contributions$4,261,820
Employee contributions$5,684,549
Employer contribution per active participant$2,532
Average account balance$62,574
Benefits paid to participants$11,902,832
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$130.7M · 2,088 accts · $4.3M emplr
2023$114.8M · 1,907 accts · $3.9M emplr
2022$95.2M · 1,819 accts · $3.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,846
Investment management$12,306
Total administrative$125,152
The Manatts, Inc. 401(k) match · 2024
Employer contribution per active participant$2,532
Median for plans this size$3,635
2024$2,532 per active participant
2023$2,680 per active participant
2022$2,643 per active participant

Manatts, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20243
GALLAGHER BENEFIT SERVICES, INC · Consulting$45,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$12,306

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$125,152 · 0.10%
2023$120,982 · 0.12%
2022$108,579 · 0.10%
Same employer
Similar plansConstruction · Iowa
The Waldinger Corporation IA$198.7M · 0.07%
The Weitz Company, LLC IA$149.6M · 0.14%
Harbor Group Inc. IA$141.5M · 0.16%
Peterson Contractors, Inc. IA$76.4M · 0.14%
Klinger Companies, L.L.C. IA$70.3M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421377409 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.