Plan Ledger DOL Form 5500 · updated monthly

United Way of Central Iowa401(k)

UNITED WAY OF CENTRAL IOWA 401(K) PLAN · DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

United Way of Central Iowa reported $143,726 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $1,121 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 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 272nd-largest of 878 plans among Iowa employers on file, and the 648th of 3,341 in other services. In 2024, employees put in $2.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,358,985
Participants with balances802
Active participants659
Employer contributions$738,520
Employee contributions$2,137,870
Employer contribution per active participant$1,121
Average account balance$41,595
Benefits paid to participants$3,749,268
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.4M · 802 accts · $739K emplr
2023$31.2M · 858 accts · $758K emplr
2022$27.2M · 827 accts · $734K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$143,726
Total administrative$143,726
The United Way of Central Iowa 401(k) match · 2024
Employer contribution per active participant$1,121
Median for plans this size$2,416
2024$1,121 per active participant
2023$1,079 per active participant
2022$1,038 per active participant

United Way of Central Iowa'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 · Loan processing$143,725
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)indirect comp

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$143,726 · 0.45%
2023$131,015 · 0.45%
2022$137,176 · 0.47%
Similar plansOther Services · Iowa
Albaugh, LLC IA$72.0M · 0.31%
Iowa Student Loan Liquidity IA$61.0M · 0.04%
Ovation Holdings IA$45.3M · 0.75%
Abc of Iowa IA$34.3M · 0.34%
Hupp Electric Motors, Inc. IA$25.0M · 0.03%
Clickstop, Inc. IA$15.4M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420680425 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.