Plan Ledger DOL Form 5500 · updated monthly

Tmg Insurance Services, LLC401(k)

THE MUTUAL GROUP 401(K) PLAN · WEST DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Tmg Insurance Services, LLC reported $225,906 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $5,134 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 $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 50th-largest of 878 plans among Iowa employers on file, and the 616th of 4,798 in finance & insurance. In 2024, employees put in $2.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$183,503,995
Participants with balances754
Active participants482
Employer contributions$2,474,514
Employee contributions$5,368,595
Employer contribution per active participant$5,134
Average account balance$243,374
Benefits paid to participants$21,706,006
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$152,602
Investment management$64,304
Audit (IQPA)$9,000
Total administrative$225,906
The Tmg Insurance Services, LLC 401(k) match · 2024
Employer contribution per active participant$5,134
Median for plans this size$3,635

Tmg Insurance Services, LLC's 2024 employer contribution ran above the $3,635 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$152,602
MORGAN STANLEY GLOBAL BA · Investment advisory (plan)$64,304
UHY LLP · Accounting / audit$9,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history1
2024$225,906 · 0.13%
Same employer
Similar plansFinance & Insurance · Iowa
Hma Group Holdings, LLC IA$245.4M · 0.16%
Veridian Credit Union IA$198.7M · 0.19%
Tmg Insurance Services, LLC IA$173.5M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 934564667 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.