THE IOWA CLINIC 401(K) PROFIT SHARING PLAN · WEST DES MOINES, IA · plan year 2024
Reported admin expense ratio · 2024
0.18%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
The Iowa Clinic, P.C. reported $550,621 in plan administrative expenses for 2024: 0.18% of average plan assets, higher than ~75% of peers. Employer contributions averaged $10,069 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.
The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 34th-largest of 878 plans among Iowa employers on file, and the 455th of 11,911 in health care & social assistance. In 2024, the employer put in $1.27 for every $1.00 employees contributed themselves; active participation has grown from 1,116 to 1,230 since 2022.
Plan summary
Net assets, end of year$328,901,653
Participants with balances1,794
Active participants1,230
Employer contributions$12,384,317
Employee contributions$9,724,083
Employer contribution per active participant$10,069
Average account balance$183,334
Benefits paid to participants$32,157,164
Plan auditUnmodified (clean) audit opinion
AuditorDENMAN CPA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$328.9M · 1,794 accts · $12.4M emplr
2023$296.0M · 1,679 accts · $11.7M emplr
2022$257.3M · 1,582 accts · $10.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$550,621
Total administrative$550,621
The The Iowa Clinic, P.C. 401(k) match · 2024
Employer contribution per active participant$10,069
Median for plans this size$4,294
2024$10,069 per active participant
2023$9,952 per active participant
2022$9,727 per active participant
The Iowa Clinic, P.C.'s 2024 employer contribution ran above the $4,294 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.
Source: U.S. Department of Labor, Form 5500 series, EIN 421420077 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.