Plan Ledger DOL Form 5500 · updated monthly

University of Iowa Community Medical Services, LLC401(k)

UNIVERSITY OF IOWA COMMUNITY MEDICAL SERVICES, LLC 401(K) PLAN · CORALVILLE, IA · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

University of Iowa Community Medical Services, LLC reported $43,302 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $5,188 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 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Iowa (593rd of 878), and the 5,931st of 11,911 in health care & social assistance. In 2024, employees put in $1.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,331,609
Participants with balances240
Active participants82
Employer contributions$425,424
Employee contributions$592,057
Employer contribution per active participant$5,188
Average account balance$38,882
Benefits paid to participants$389,462
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.3M · 240 accts · $425K emplr
2023$7.7M · 221 accts · $404K emplr
2022$6.5M · 214 accts · $335K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,306
Investment management$4,996
Total administrative$43,302
The University of Iowa Community Medical Services, LLC 401(k) match · 2024
Employer contribution per active participant$5,188
Median for plans this size$1,313
2024$5,188 per active participant
2023$4,302 per active participant
2022$3,805 per active participant

University of Iowa Community Medical Services, LLC's 2024 employer contribution ran above the $1,313 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.

Service providers · 20242
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$38,306
LPL FINANCIAL · Consulting · Insurance brokerindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$43,302 · 0.51%
2023$35,234 · 0.50%
2022$31,591 · 0.49%
Similar plansHealth Care & Social Assistance · Iowa
Trivium Life Services IA$10.0M · 0.85%
Progress Industries IA$10.0M · 0.51%
Hillcrest Family Services IA$9.6M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421454252 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.