Plan Ledger DOL Form 5500 · updated monthly

Omaha Standard, LLC401(k)

PALFINGER U.S.A. RETIREMENT PROFIT SHARING PLAN · COUNCIL BLUFFS, IA · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Omaha Standard, LLC reported $191,455 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $2,640 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 0.48% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 202nd-largest of 878 plans among Iowa employers on file, and the 3,307th of 13,661 in manufacturing. In 2024, employees put in $2.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$46,845,057
Participants with balances936
Active participants828
Employer contributions$2,186,031
Employee contributions$5,815,835
Employer contribution per active participant$2,640
Average account balance$50,048
Benefits paid to participants$6,377,672
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$46.8M · 936 accts · $2.2M emplr
2023$39.3M · 905 accts · $2.0M emplr
2022$34.6M · 872 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$121,475
Investment management$69,980
Total administrative$191,455
The Omaha Standard, LLC 401(k) match · 2024
Employer contribution per active participant$2,640
Median for plans this size$2,416
2024$2,640 per active participant
2023$2,429 per active participant
2022$2,358 per active participant

Omaha Standard, LLC'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$121,475
USI ADVISORS, INC. · Investment advisory (plan)$69,980

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$191,455 · 0.44%
2023$173,631 · 0.47%
2022$174,157 · 0.48%
All plans at this employer2
PALFINGER U.S.A. RETIREMENT PROFIT SHARING PLAN401(k)
OMAHA STANDARD, LLC BARGAINING UNIT SALARY SAVINGS PLAN401(k)
Same employer
Similar plansManufacturing · Iowa
Siegwerk USA Co. IA$53.8M · 0.21%
West Liberty Foods, L.L.C. IA$53.6M · 0.59%
Croell, Inc. IA$50.7M · 0.33%
Custom-Pak, Inc. IA$46.5M · 0.04%
Purfoods, LLC IA$42.7M · 0.73%
Doerfer Corporation IA$40.0M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462423518 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.