Plan Ledger DOL Form 5500 · updated monthly

Nyemaster Goode, P.C.401(k)

NGMEO PROFIT SHARING PLAN · DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Nyemaster Goode, P.C. reported $230,741 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $23,249 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 0.18% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 72nd-largest of 878 plans among Iowa employers on file, and the 1,119th of 11,654 in professional & technical services. In 2024, the employer put in $1.72 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$138,994,926
Participants with balances200
Active participants140
Employer contributions$3,254,908
Employee contributions$1,892,300
Employer contribution per active participant$23,249
Average account balance$694,975
Benefits paid to participants$7,713,648
Plan auditUnmodified (clean) audit opinion
AuditorDENMAN CPA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$139.0M · 200 accts · $3.3M emplr
2023$125.7M · 198 accts · $3.2M emplr
2022$110.4M · 184 accts · $3.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$114,210
Investment management$116,531
Total administrative$230,741
The Nyemaster Goode, P.C. 401(k) match · 2024
Employer contribution per active participant$23,249
Median for plans this size$3,635
2024$23,249 per active participant
2023$22,371 per active participant
2022$21,777 per active participant

Nyemaster Goode, P.C.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$106,710
SYVERSON STREGE FINANCIAL · Contract administrator · Investment advisory (plan)$10,000
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp
QUALIFIED PLAN CONSULTANTS · Other servicesindirect comp
DENMAN & COMPANY, LLP · Accounting / auditindirect 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$230,741 · 0.17%
2023$206,347 · 0.17%
2022$222,192 · 0.18%
Same employer
Similar plansProfessional & Technical Services · Iowa
Ita Group Holdings, Inc. IA$398.8M · 0.06%
Hibu Inc. IA$351.7M · 0.09%
S.C. Companies, Inc. IA$329.6M · 0.09%
Workiva Inc. IA$188.7M · 0.01%
Telligen, Inc. IA$131.6M
Ita Group, Inc IA$124.2M · 0.27%
Shive-Hattery Group, Inc. IA$107.9M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421154516 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.