Plan Ledger DOL Form 5500 · updated monthly

The Rasmussen Group, Inc.401(k)

THE RASMUSSEN GROUP, INC. 401(K) RETIREMENT PLAN · DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

The Rasmussen Group, Inc. reported $148,635 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $1,256 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 3 years on file its reported administrative ratio has held roughly steady near 0.36%. 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 the 205th-largest of 878 plans among Iowa employers on file, and the 1,107th of 5,337 in construction. In 2024, employees put in $3.02 for every $1.00 the employer contributed; active participation has grown from 776 to 912 since 2022.

Plan summary
Net assets, end of year$46,519,916
Participants with balances730
Active participants912
Employer contributions$1,145,912
Employee contributions$3,459,114
Employer contribution per active participant$1,256
Average account balance$63,726
Benefits paid to participants$6,089,996
Plan auditUnmodified (clean) audit opinion
AuditorMARTENS & COMPANY, CPA, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$46.5M · 730 accts · $1.1M emplr
2023$37.2M · 595 accts · $953K emplr
2022$32.7M · 632 accts · $937K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$106,758
Investment management$41,877
Total administrative$148,635
The The Rasmussen Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,256
Median for plans this size$2,416
2024$1,256 per active participant
2023$1,219 per active participant
2022$1,208 per active participant

The Rasmussen Group, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$106,758
CHOREO, LLC · Investment advisory (plan)$41,877

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$148,635 · 0.36%
2023$116,330 · 0.33%
2022$133,143 · 0.37%
Similar plansConstruction · Iowa
Klinger Companies, L.L.C. IA$70.3M · 0.00%
Weco Inc. IA$45.8M

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Source: U.S. Department of Labor, Form 5500 series, EIN 421022912 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.