Plan Ledger DOL Form 5500 · updated monthly

Pilot Grove Savings BankESOP

PILOT GROVE SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN · PILOT GROVE, IA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Pilot Grove Savings Bank reported $37,721 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $3,627 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 3 years on file its reported administrative ratio has held roughly steady near 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Iowa (548th of 878), and 3,836th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$11,565,629
Participants with balances93
Active participants81
Employer contributions$293,827
Employee contributions—
Employer contribution per active participant$3,627
Average account balance$124,362
Benefits paid to participants$1,320,769
Plan auditUnmodified (clean) audit opinion
AuditorEIDEBAILLY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.6M · 93 accts · $294K emplr
2023$10.9M · 101 accts · $283K emplr
2022$8.8M · 102 accts · $297K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,750
Trustee / custodial$105
Total administrative$37,721
Employer contributions to the Pilot Grove Savings Bank plan · 2024
Employer contribution per active participant$3,627
Median for plans this size$2,416
2024$3,627 per active participant
2023$3,631 per active participant
2022$3,490 per active participant

Pilot Grove Savings Bank'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 · 20244
NEWPORT GROUP · Recordkeeping$13,125
BCC ADVISERS · Valuation$10,450
TRANSITION FINANCE STRATEGIES, LLC · Contract administrator$8,625
NYEMASTER GOODE · Legal$5,416

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$37,721 · 0.34%
2023$14,258 · 0.14%
2022$27,007 · 0.32%
Similar plansFinance & Insurance · Iowa
Auxiant IA$15.2M · 0.29%
Visionbank IA$12.2M · 0.49%
Auxiant IA$10.5M · 0.36%
Greater Iowa Credit Union IA$10.4M · 0.43%
Nwbt, Inc. IA$10.3M · 0.00%
Ria Federal Credit Union IA$9.9M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420469990 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.