Plan Ledger DOL Form 5500 · updated monthly

State University of Iowa Foundation401(k)

UNIVERSITY OF IOWA FOUNDATION 401(K) PLAN · IOWA CITY, IA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

State University of Iowa Foundation reported $47,580 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,898 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 fell from 0.11% to 0.10%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 187th-largest of 878 plans among Iowa employers on file, and the 897th of 3,091 in educational services. In 2024, the employer put in $1.34 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$50,971,280
Participants with balances385
Active participants303
Employer contributions$2,696,117
Employee contributions$2,007,622
Employer contribution per active participant$8,898
Average account balance$132,393
Benefits paid to participants$3,334,925
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$51.0M · 385 accts · $2.7M emplr
2023$43.8M · 373 accts · $2.5M emplr
2022$35.6M · 362 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,580
Total administrative$47,580
The State University of Iowa Foundation 401(k) match · 2024
Employer contribution per active participant$8,898
Median for plans this size$2,416
2024$8,898 per active participant
2023$8,609 per active participant
2022$8,245 per active participant

State University of Iowa Foundation'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.

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 · 20241
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$47,580

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$47,580 · 0.10%
2023$44,802 · 0.11%
2022$41,761 · 0.11%
Same employer
Similar plansEducational Services · Iowa
Simpson College IA$74.8M · 0.06%
Dordt University IA$61.2M · 0.00%
Northwestern College IA$53.0M · 0.26%
Upper Iowa University IA$48.8M · 0.03%
Clarke University IA$40.4M · 0.17%
Briar Cliff University IA$28.6M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420796760 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.