Plan Ledger DOL Form 5500 · updated monthly

McCarthy Bush Corporation401(k)

MCCARTHY - BUSH COMPANIES 401(K) PLAN · DAVENPORT, IA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

McCarthy Bush Corporation reported $40,472 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $2,486 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 0.10% to 0.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 267th-largest of 878 plans among Iowa employers on file, and the 1,411th of 5,337 in construction. In 2024, employees put in $2.70 for every $1.00 the employer contributed; active participation has grown from 166 to 204 since 2022.

Plan summary
Net assets, end of year$33,741,075
Participants with balances281
Active participants204
Employer contributions$507,093
Employee contributions$1,369,530
Employer contribution per active participant$2,486
Average account balance$120,075
Benefits paid to participants$2,547,878
Plan auditUnmodified (clean) audit opinion
AuditorBASSPARTNERS LLC DBA A PORTER CPA
Plan history3
Yearassets · accounts · employer contribution
2024$33.7M · 281 accts · $507K emplr
2023$30.5M · 278 accts · $416K emplr
2022$28.9M · 284 accts · $387K emplr
Administrative expenses, itemized · 2024
Investment management$72,017
Audit (IQPA)$6,500
Total administrative$40,472
The McCarthy Bush Corporation 401(k) match · 2024
Employer contribution per active participant$2,486
Median for plans this size$2,416
2024$2,486 per active participant
2023$2,633 per active participant
2022$2,329 per active participant

McCarthy Bush Corporation's 2024 employer contribution ran above 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 · 20243
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants)$72,017
WINKEL, PARKER & FOSTER; CPA PC · Accounting / audit$6,500
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect 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$40,472 · 0.13%
2023$25,407 · 0.09%
2022$35,202 · 0.10%
Same employer
Similar plansConstruction · Iowa
Weco Inc. IA$45.8M
Cramer & Associates, Inc. IA$32.0M · 0.56%
Scintilla Eg Holdings, Inc. IA$31.0M · 0.36%
Russell Group Inc IA$30.9M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421414240 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.