Plan Ledger DOL Form 5500 · updated monthly

Ovation Holdings401(k)

OVATION HOLDINGS 401(K) RETIREMENT PLAN · RIVERDALE, IA · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

Ovation Holdings reported $252,182 in plan administrative expenses for 2024: 0.75% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,065 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 0.61% to 0.75%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 210th-largest of 878 plans among Iowa employers on file, and the 472nd of 3,341 in other services. In 2024, employees put in $1.17 for every $1.00 the employer contributed; active participation has grown from 366 to 789 since 2022.

Plan summary
Net assets, end of year$45,270,336
Participants with balances847
Active participants789
Employer contributions$3,207,339
Employee contributions$3,763,357
Employer contribution per active participant$4,065
Average account balance$53,448
Benefits paid to participants$5,484,570
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$45.3M · 847 accts · $3.2M emplr
2023$22.3M · 455 accts · $1.0M emplr
2022$14.6M · 387 accts · $752K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$252,182
Total administrative$252,182
The Ovation Holdings 401(k) match · 2024
Employer contribution per active participant$4,065
Median for plans this size$2,416
2024$4,065 per active participant
2023$1,515 per active participant
2022$2,054 per active participant

Ovation Holdings'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$252,182
PRINCIPAL SECURITIES INC · Other servicesindirect comp
WILSHIRE ADVISORS 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$252,182 · 0.75%
2023$116,153 · 0.63%
2022$88,331 · 0.61%
Same employer
Similar plansOther Services · Iowa
Vgm Group Inc IA$414.4M
Albaugh, LLC IA$72.0M · 0.31%
Iowa Student Loan Liquidity IA$61.0M · 0.04%
Abc of Iowa IA$34.3M · 0.34%
United Way of Central Iowa IA$33.4M · 0.45%
Hupp Electric Motors, Inc. IA$25.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 825057672 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.