Plan Ledger DOL Form 5500 · updated monthly

Van Diest Supply Co401(k)

VAN DIEST SUPPLY CO 401(K) RETIREMENT PLAN · WEBSTER CITY, IA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Van Diest Supply Co reported $119,762 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $1,904 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 2 years on file its reported administrative ratio rose from 0.06% to 0.23%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 179th-largest of 878 plans among Iowa employers on file, and the 2,977th of 13,661 in manufacturing. In 2024, employees put in $2.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$53,976,918
Participants with balances597
Active participants532
Employer contributions$1,012,695
Employee contributions$2,827,748
Employer contribution per active participant$1,904
Average account balance$90,414
Benefits paid to participants$6,179,037
Plan auditDisclaimer of opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$54.0M · 597 accts · $1.0M emplr
2023$50.4M · 636 accts · $967K emplr
2022$42.8M · 656 accts · $927K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$119,762
Total administrative$119,762
The Van Diest Supply Co 401(k) match · 2024
Employer contribution per active participant$1,904
Median for plans this size$3,635
2024$1,904 per active participant
2023$1,792 per active participant
2022$1,667 per active participant

Van Diest Supply Co's 2024 employer contribution ran below the $3,635 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$119,762
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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$119,762 · 0.23%
2023$65,943 · 0.14%
2022$27,792 · 0.06%
Same employer
Similar plansManufacturing · Iowa
Siegwerk USA Inc. IA$58.6M · 0.21%
Future Foam, Inc. IA$58.1M · 0.12%
Siegwerk USA Co. IA$53.8M · 0.21%
West Liberty Foods, L.L.C. IA$53.6M · 0.59%
Croell, Inc. IA$50.7M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420934178 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.