Plan Ledger DOL Form 5500 · updated monthly

Story Construction Co.401(k)

STORY CONSTRUCTION CO. RETIREMENT SAVINGS PLAN · AMES, IA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Story Construction Co. reported $35,654 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $1,668 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 0.25% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Iowa (444th of 878), and the 2,253rd of 5,337 in construction. In 2024, employees put in $4.20 for every $1.00 the employer contributed; active participation has grown from 141 to 162 since 2022.

Plan summary
Net assets, end of year$17,173,536
Participants with balances183
Active participants162
Employer contributions$270,269
Employee contributions$1,134,543
Employer contribution per active participant$1,668
Average account balance$93,844
Benefits paid to participants$1,967,430
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$17.2M · 183 accts · $270K emplr
2023$15.2M · 171 accts · $251K emplr
2022$13.8M · 162 accts · $215K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,654
Total administrative$35,654
The Story Construction Co. 401(k) match · 2024
Employer contribution per active participant$1,668
Median for plans this size$2,416
2024$1,668 per active participant
2023$1,631 per active participant
2022$1,523 per active participant

Story Construction Co.'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$36,704

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$35,654 · 0.22%
2023$36,739 · 0.25%
2022$37,071 · 0.25%
Same employer
Similar plansConstruction · Iowa
Dean Snyder Construction Co IA$19.5M · 0.34%
Kline Electric, Inc. IA$16.4M · 0.01%
Modern Holdings, Inc. IA$14.6M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420992152 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.