Plan Ledger DOL Form 5500 · updated monthly

Martin Brothers Distributing Company, Inc.401(k) + ESOP (KSOP)

MARTIN BROTHERS DISTRIBUTING COMPANY, INC. ESOP AND 401(K) PLAN · CEDAR FALLS, IA · plan year 2025

Reported admin expense ratio · 2025
0.09%

Martin Brothers Distributing Company, Inc. reported $110,697 in plan administrative expenses for 2025: 0.09% of average plan assets, below the peer median. 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 rose from 0.06% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other wholesale trade employers. By assets it is the 70th-largest of 878 plans among Iowa employers on file, and the 317th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$140,479,484
Participants with balances725
Active participants587
Employer contributions—
Employee contributions$2,501,471
Employer contribution per active participant—
Average account balance$193,765
Benefits paid to participants$7,980,046
Plan auditUnmodified (clean) audit opinion
AuditorHOGAN-HANSEN, P.C.
Plan history4
Yearassets · accounts · employer contribution
2025$140.5M · 725 accts
2024$118.4M · 707 accts
2023$122.1M · 755 accts
2022$114.8M · 742 accts
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$71,483
Investment management$39,214
Total administrative$110,697
What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$71,483
ACCEL WEALTH MANAGEMENT · Investment advisory (plan)$39,214
MORNINGSTAR INVESTMENT MANAGEMENT · 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 history4
2025$110,697 · 0.09%
2024$118,789 · 0.10%
2023$102,625 · 0.09%
2022$76,973 · 0.06%
Same employer
Similar plansWholesale Trade · Iowa
Van Meter Inc. IA$596.8M
Altorfer Inc. IA$162.8M · 0.09%
State Steel Supply Co. IA$72.3M · 0.00%
Barton Solvents, Inc. IA$64.6M · 0.28%
Echo Group, Inc. IA$62.4M · 0.45%
Tomy International, Inc. IA$54.5M · 0.34%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 420841720 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.