Plan Ledger DOL Form 5500 · updated monthly

Perfection Learning Corporation401(k)

PERFECTION LEARNING CORPORATION 401(K) PS PLAN & TRUST · LOGAN, IA · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Perfection Learning Corporation reported $81,193 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $2,170 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 0.40% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 397th-largest of 878 plans among Iowa employers on file, and the 1,872nd of 4,246 in wholesale trade. In 2024, employees put in $4.09 for every $1.00 the employer contributed; active participation has grown from 95 to 112 since 2022.

Plan summary
Net assets, end of year$20,285,009
Participants with balances158
Active participants112
Employer contributions$243,005
Employee contributions$994,221
Employer contribution per active participant$2,170
Average account balance$128,386
Benefits paid to participants$2,074,316
Plan auditUnmodified (clean) audit opinion
AuditorLUTZ & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$20.3M · 158 accts · $243K emplr
2023$17.9M · 169 accts · $236K emplr
2022$15.3M · 147 accts · $560K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,930
Investment management$27,663
Audit (IQPA)$24,600
Total administrative$81,193
The Perfection Learning Corporation 401(k) match · 2024
Employer contribution per active participant$2,170
Median for plans this size$2,416
2024$2,170 per active participant
2023$2,035 per active participant
2022$5,893 per active participant

Perfection Learning Corporation's 2024 employer contribution ran below 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 · 20246
MILLIMAN · Recordkeeping · Consulting$28,931
LUTZ · Accounting / audit$24,600
ADVANCED CAPITAL GROUP · Investment advisory (plan)$23,562
JP MORGAN · Investment advisory (plan)$4,101
CHARLES SCHWAB TRUST BANK · Trustee (directed) · Custodial (securities)indirect comp
CHARLES SCHWAB & CO., INC. · Custodial (securities) · Trustee (directed)indirect comp

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

Recordkeeper by year2
2024Milliman
2023Milliman

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

Administrative cost history3
2024$81,193 · 0.43%
2023$87,338 · 0.53%
2022$63,275 · 0.40%
Same employer
Similar plansWholesale Trade · Iowa
The Vernon Company IA$21.1M · 0.11%
Igd Industries, Inc. IA$20.5M · 0.42%
O'Rourke Bros., Inc. IA$18.9M · 0.34%
Loffredo Gardens, Inc. IA$18.0M · 0.06%
Dsi Distributing Inc. IA$17.5M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420895541 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.