Plan Ledger DOL Form 5500 · updated monthly

Strategic America, Inc.401(k)

STRATEGIC AMERICA, INC. 401(K) PROFIT SHARING PLAN · WEST DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Strategic America, Inc. reported $75,025 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $3,285 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 0.40% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 332nd-largest of 878 plans among Iowa employers on file, and the 4,486th of 11,654 in professional & technical services. In 2024, employees put in $2.53 for every $1.00 the employer contributed; active participation has shrunk from 137 to 119 since 2022.

Plan summary
Net assets, end of year$27,073,091
Participants with balances159
Active participants119
Employer contributions$390,873
Employee contributions$989,709
Employer contribution per active participant$3,285
Average account balance$170,271
Benefits paid to participants$923,151
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTONLARSENALLEN
Plan history3
Yearassets · accounts · employer contribution
2024$27.1M · 159 accts · $391K emplr
2023$23.4M · 151 accts · $280K emplr
2022$22.1M · 170 accts · $451K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,025
Total administrative$75,025
The Strategic America, Inc. 401(k) match · 2024
Employer contribution per active participant$3,285
Median for plans this size$2,416
2024$3,285 per active participant
2023$2,218 per active participant
2022$3,294 per active participant

Strategic America, Inc.'s 2024 employer contribution ran above 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$75,025

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$75,025 · 0.30%
2023$81,371 · 0.36%
2022$95,187 · 0.40%
All plans at this employer2
STRATEGIC AMERICA, INC. 401(K) PROFIT SHARING PLAN401(k)
STRATEGIC AMERICA, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 421206760 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.