Plan Ledger DOL Form 5500 · updated monthly

Spinutech, LLC401(k)

SPINUTECH 401(K) PLAN · CEDAR FALLS, IA · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Spinutech, LLC reported $27,294 in plan administrative expenses for 2024: 0.40% of average plan assets, below the peer median. Employer contributions averaged $3,282 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 0.25% to 0.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Iowa (625th of 878), and 8,712th of 11,654 in professional & technical services. In 2024, employees put in $2.82 for every $1.00 the employer contributed; active participation has shrunk from 167 to 117 since 2022.

Plan summary
Net assets, end of year$7,942,428
Participants with balances163
Active participants117
Employer contributions$383,973
Employee contributions$1,081,702
Employer contribution per active participant$3,282
Average account balance$48,727
Benefits paid to participants$790,206
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 163 accts · $384K emplr
2023$5.6M · 175 accts · $416K emplr
2022$3.3M · 177 accts · $394K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,452
Investment management$4,842
Total administrative$27,294
The Spinutech, LLC 401(k) match · 2024
Employer contribution per active participant$3,282
Median for plans this size$1,313
2024$3,282 per active participant
2023$2,753 per active participant
2022$2,357 per active participant

Spinutech, LLC's 2024 employer contribution ran above the $1,313 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.

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
EMPOWER ADVISORY GROUP, LLC · Investment management$4,842

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$27,294 · 0.40%
2023$18,374 · 0.42%
2022$8,267 · 0.25%
Same employer
Similar plansProfessional & Technical Services · Iowa
Lumos Pharma, Inc. IA$8.6M · 0.01%
Wdc Acquisition LLC IA$8.5M · 0.85%
Dwolla, Inc. IA$7.9M · 0.57%
Galaxy 1 Marketing, Inc. IA$7.4M · 0.45%
Ir Labs de, LLC IA$6.4M · 1.21%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 841687048 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.