Plan Ledger DOL Form 5500 · updated monthly

Pdm Precast, Inc.401(k)

PDM PRECAST, INC 401(K) RETIREMENT PLAN · DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Pdm Precast, Inc. reported $9,110 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,767 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 0.09% to 0.08%. 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 among the smaller plans on file in Iowa (527th of 878), and 7,638th of 13,661 in manufacturing. In 2024, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,236,835
Participants with balances281
Active participants188
Employer contributions$520,206
Employee contributions$980,636
Employer contribution per active participant$2,767
Average account balance$47,106
Benefits paid to participants$397,313
Plan auditUnmodified (clean) audit opinion
AuditorBERGANKDV
Plan history3
Yearassets · accounts · employer contribution
2024$13.2M · 281 accts · $520K emplr
2023$10.6M · 281 accts · $489K emplr
2022$7.8M · 262 accts · $436K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,110
Total administrative$9,110
The Pdm Precast, Inc. 401(k) match · 2024
Employer contribution per active participant$2,767
Median for plans this size$2,416
2024$2,767 per active participant
2023$2,546 per active participant
2022$2,395 per active participant

Pdm Precast, Inc.'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 · 20241
THE VANGUARD GROUP, INC. · Loan processing$9,110

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$9,110 · 0.08%
2023$9,525 · 0.10%
2022$7,500 · 0.09%
Similar plansManufacturing · Iowa
Weiler, Inc. IA$14.6M · 0.62%
Groschopp, Inc. IA$13.6M · 0.41%
Mobotrex, Inc. IA$13.3M · 0.68%
Midwest Metal Products Co. IA$13.2M · 0.30%
Gmt LLC IA$12.6M · 0.32%
All-State Industries, Inc. IA$12.4M · 0.49%
Katecho, LLC IA$10.9M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454398704 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.