Plan Ledger DOL Form 5500 · updated monthly

Scenic Living Communities, Inc.401(k)

SCENIC LIVING COMMUNITIES INC 401(K) PLAN · IOWA FALLS, IA · plan year 2024

Reported admin expense ratio · 2024
0.99%

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

Scenic Living Communities, Inc. reported $18,439 in plan administrative expenses for 2024: 0.99% of average plan assets, higher than ~75% of peers. Employer contributions averaged $987 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 0.79% to 0.99%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Iowa (804th of 878), and 10,033rd of 11,911 in health care & social assistance. In 2024, employees put in $2.88 for every $1.00 the employer contributed; active participation has shrunk from 121 to 101 since 2022.

Plan summary
Net assets, end of year$2,022,529
Participants with balances123
Active participants101
Employer contributions$99,727
Employee contributions$286,895
Employer contribution per active participant$987
Average account balance$16,443
Benefits paid to participants$250,509
Plan auditUnmodified (clean) audit opinion
AuditorPICKETT, CHANDY & MCMULLEN, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$2.0M · 123 accts · $100K emplr
2023$1.7M · 120 accts · $117K emplr
2022$1.5M · 119 accts · $106K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,939
Investment management$2,500
Total administrative$18,439
The Scenic Living Communities, Inc. 401(k) match · 2024
Employer contribution per active participant$987
Median for plans this size$1,313
2024$987 per active participant
2023$956 per active participant
2022$872 per active participant

Scenic Living Communities, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20245
PRINCIPAL LIFE INS. CO. · Contract administrator$14,934
PREVAIL INNOVATIVE WEALTH ADVISORS · Investment advisory (plan)$2,500
ERISA SERVICES MIDWEST LLC · Contract administrator$300
ADVISED ASSETS GROUP, LLC · Investment management$2

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$18,439 · 0.99%
2023$19,730 · 1.24%
2022$12,617 · 0.79%
Similar plansHealth Care & Social Assistance · Iowa
Bethany Home IA$2.2M · 0.81%
Children's Square U.S.A. IA$2.1M · 0.52%
Luther Care Services IA$2.1M · 1.04%
Northcrest Community IA$2.0M · 0.92%
Opportunity Living IA$2.0M · 0.12%
Aase Haugen Homes Inc IA$1.9M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421019567 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.