Plan Ledger DOL Form 5500 · updated monthly

National Carwash Solutions401(k)

NATIONAL CARWASH SOLUTIONS SAVINGS PLAN · GRIMES, IA · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

National Carwash Solutions reported $214,101 in plan administrative expenses for 2024: 0.31% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,245 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 fell from 0.34% to 0.31%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 133rd-largest of 878 plans among Iowa employers on file, and the 2,427th of 13,661 in manufacturing. In 2024, employees put in $3.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$71,603,060
Participants with balances1,627
Active participants1,463
Employer contributions$1,820,736
Employee contributions$6,387,578
Employer contribution per active participant$1,245
Average account balance$44,009
Benefits paid to participants$12,978,966
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$71.6M · 1,627 accts · $1.8M emplr
2023$67.0M · 1,907 accts · $1.8M emplr
2022$56.0M · 1,804 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$214,101
Total administrative$214,101
The National Carwash Solutions 401(k) match · 2024
Employer contribution per active participant$1,245
Median for plans this size$3,635
2024$1,245 per active participant
2023$1,047 per active participant
2022$1,171 per active participant

National Carwash Solutions's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · Loan processing$214,101
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)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$214,101 · 0.31%
2023$191,848 · 0.31%
2022$187,639 · 0.34%
Same employer
Similar plansManufacturing · Iowa
Lisle Corporation IA$75.1M · 0.02%
Centro, Inc. IA$74.1M · 0.21%
M.A. Ford Mfg. Co., Inc. IA$71.5M · 0.02%
Pmx Industries, Inc. IA$66.7M · 0.23%
Ligon Industries IA$65.2M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273477406 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.