Plan Ledger DOL Form 5500 · updated monthly

Per Mar Security & Research Corporation401(k)

PER MAR SECURITY AND RESEARCH CORP. 401(K) PLAN · DAVENPORT, IA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Per Mar Security & Research Corporation reported $39,403 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $629 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 0.06% to 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 249th-largest of 878 plans among Iowa employers on file, and the 388th of 2,534 in administrative & support services. In 2024, employees put in $1.58 for every $1.00 the employer contributed; active participation has shrunk from 2,951 to 2,631 since 2022.

Plan summary
Net assets, end of year$36,790,930
Participants with balances598
Active participants2,631
Employer contributions$1,654,373
Employee contributions$2,620,540
Employer contribution per active participant$629
Average account balance$61,523
Benefits paid to participants$3,893,366
Plan auditUnmodified (clean) audit opinion
AuditorANDERSON LOWER WHITLOW PC
Plan history3
Yearassets · accounts · employer contribution
2024$36.8M · 598 accts · $1.7M emplr
2023$31.4M · 539 accts · $1.1M emplr
2022$26.0M · 536 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,811
Total administrative$39,403
The Per Mar Security & Research Corporation 401(k) match · 2024
Employer contribution per active participant$629
Median for plans this size$2,416
2024$629 per active participant
2023$479 per active participant
2022$374 per active participant

Per Mar Security & Research Corporation's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20241

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$39,403 · 0.12%
2023$17,206 · 0.06%
2022$17,080 · 0.06%
Same employer
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Brady Companies, LLC NV$37.0M · 0.43%
I.C. System, Inc. MN$36.9M · 0.12%
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Source: U.S. Department of Labor, Form 5500 series, EIN 420818682 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.