Plan Ledger DOL Form 5500 · updated monthly

Opn Architects, Inc.401(k)

OPN ARCHITECTS, INC PROFIT SHARING PLAN · CEDAR RAPIDS, IA · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Opn Architects, Inc. reported $136,447 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $8,766 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 0.30% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 232nd-largest of 878 plans among Iowa employers on file, and the 3,272nd of 11,654 in professional & technical services. In 2024, employees put in $1.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,420,020
Participants with balances140
Active participants110
Employer contributions$964,247
Employee contributions$1,326,629
Employer contribution per active participant$8,766
Average account balance$288,714
Benefits paid to participants$1,151,164
Plan auditUnmodified (clean) audit opinion
AuditorDENMAN CPA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$40.4M · 140 accts · $964K emplr
2023$34.7M · 146 accts · $953K emplr
2022$30.4M · 141 accts · $844K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$530
Trustee / custodial$135,917
Total administrative$136,447
The Opn Architects, Inc. 401(k) match · 2024
Employer contribution per active participant$8,766
Median for plans this size$2,416
2024$8,766 per active participant
2023$8,291 per active participant
2022$7,278 per active participant

Opn Architects, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20243
CITY STATE BANK · Trustee$135,917
CHARLES SCHWAB TRUST BANK · Custodial (securities)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$136,447 · 0.36%
2023$71,143 · 0.22%
2022$97,553 · 0.30%
Similar plansProfessional & Technical Services · Iowa
Quality Consulting, Inc. IA$49.0M · 0.30%
Lightedge Solutions, LLC IA$41.9M · 0.08%
Whitfield & Eddy P.L.C. IA$32.5M · 0.12%
McClure Engineering Co. IA$30.8M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421043334 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.