Shine Bros. Corp.401(k)
SHINE BROS. CORP. PROFIT SHARING 401(K) PLAN · SPENCER, IA · plan year 2024
Shine Bros. Corp.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $16,461,406 across 122 participant accounts, with employer contributions averaging $5,035 per active participant. See methodology for what Form 5500 does and doesn't capture.
Across the 1 year on file its reported administrative ratio fell from 0.01% to 0.00%. 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 (460th of 878), and the 6,690th of 13,661 in manufacturing. In 2024, the employer put in $1.10 for every $1.00 employees contributed themselves.
Shine Bros. Corp.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 421155461 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.