Plan Ledger DOL Form 5500 · updated monthly

Northwestern Plastics, LTD. dba Industrial Services Corp.401(k)

INDUSTRIAL SERVICES CORP. EMPLOYEE 401(K) PLAN · BURLINGTON, IA · plan year 2024

Reported admin expense ratio · 2024
1.30%

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

Northwestern Plastics, LTD. dba Industrial Services Corp. reported $56,109 in plan administrative expenses for 2024: 1.30% of average plan assets, higher than ~90% of peers. Employer contributions averaged $991 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 1.11% to 1.30%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Iowa (714th of 878), and 1,700th of 2,677 in transportation & warehousing. In 2024, employees put in $2.68 for every $1.00 the employer contributed; active participation has shrunk from 232 to 143 since 2022.

Plan summary
Net assets, end of year$4,641,212
Participants with balances138
Active participants143
Employer contributions$141,708
Employee contributions$379,825
Employer contribution per active participant$991
Average account balance$33,632
Benefits paid to participants$400,019
Plan auditUnmodified (clean) audit opinion
AuditorMENKE & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 138 accts · $142K emplr
2023$4.0M · 234 accts · $135K emplr
2022$2.9M · 215 accts · $115K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,109
Total administrative$56,109
The Northwestern Plastics, LTD. dba Industrial Services Corp. 401(k) match · 2024
Employer contribution per active participant$991
Median for plans this size$1,313
2024$991 per active participant
2023$661 per active participant
2022$496 per active participant

Northwestern Plastics, LTD. dba Industrial Services Corp.'s 2024 employer contribution ran below the $1,313 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 · 20245
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$35,586
PARADIGM BENEFITS, LLC · Recordkeeping · Loan processing$6,248
BEACON CAPITAL LLC · Investment advisory (plan)$13,532
MESIROW FINANCIAL, INC. · Investment advisory (plan)$786
CHARLES SCHWAB & CO., INC. · Securities brokerage$4

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024PARADIGM BENEFITS, LLC, Transamerica
2023PARADIGM BENEFITS, LLC, SUPERIORUSA CORPORATION, Transamerica

This plan has changed recordkeepers within these filings. If you left Northwestern Plastics, LTD. dba Industrial Services Corp. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$56,109 · 1.30%
2023$42,571 · 1.24%
2022$34,895 · 1.11%
Same employer
Similar plansTransportation & Warehousing · Iowa
Harrison Corporation IA$6.5M · 0.62%
General Logistics, Inc. IA$3.4M · 1.19%
Niece Trucking, Inc. IA$3.4M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421193589 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.