Plan Ledger DOL Form 5500 · updated monthly

Sigourney Tractor & Implement Co. L.C.401(k)

SIGOURNEY TRACTOR & IMPLEMENT CO. L.C. RETIREMENT SAVINGS PLAN · MUSCATINE, IA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Sigourney Tractor & Implement Co. L.C. reported $14,608 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,461 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 0.07% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 389th-largest of 878 plans among Iowa employers on file, and the 1,421st of 5,215 in retail trade. In 2024, employees put in $2.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,649,190
Participants with balances310
Active participants267
Employer contributions$389,976
Employee contributions$1,080,513
Employer contribution per active participant$1,461
Average account balance$66,610
Benefits paid to participants$1,278,119
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.6M · 310 accts · $390K emplr
2023$18.1M · 277 accts · $363K emplr
2022$14.8M · 280 accts · $382K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,608
Total administrative$14,608
The Sigourney Tractor & Implement Co. L.C. 401(k) match · 2024
Employer contribution per active participant$1,461
Median for plans this size$2,416
2024$1,461 per active participant
2023$1,360 per active participant
2022$1,481 per active participant

Sigourney Tractor & Implement Co. L.C.'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 · 20242
TAX FAVORED BENEFITS, INC. · Recordkeeping$11,825
AMERITAS LIFE INSURNACE CORPORATION · Recordkeeping$2,783

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

Recordkeeper by year2
2024Ameritas, TAX FAVORED BENEFITS, INC.
2023Ameritas, TAX FAVORED BENEFITS, INC.

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Administrative cost history3
2024$14,608 · 0.08%
2023$13,833 · 0.08%
2022$11,170 · 0.07%
Same employer
Similar plansRetail Trade · Iowa
Sioux City Truck Sales IA$23.5M · 0.35%
Hartig Drug Company IA$19.9M · 0.43%
Onerorx, Inc. IA$18.4M · 0.54%
Theisen Supply, Inc. IA$17.9M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421476614 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.