Plan Ledger DOL Form 5500 · updated monthly

Van Wall Equipment, Inc.401(k)

VAN WALL EQUIPMENT, INC. PROFIT SHARING 401(K) PLAN · NEVADA, IA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Van Wall Equipment, Inc. reported $215,378 in plan administrative expenses for 2024: 0.34% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,591 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 fell from 0.36% to 0.34%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 138th-largest of 878 plans among Iowa employers on file, and the 522nd of 5,215 in retail trade. In 2024, employees put in $1.88 for every $1.00 the employer contributed; active participation has grown from 544 to 683 since 2022.

Plan summary
Net assets, end of year$67,353,577
Participants with balances759
Active participants683
Employer contributions$2,452,483
Employee contributions$4,607,336
Employer contribution per active participant$3,591
Average account balance$88,740
Benefits paid to participants$7,846,866
Plan auditUnmodified (clean) audit opinion
AuditorMERIWETHER, WILSON AND CO., PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$67.4M · 759 accts · $2.5M emplr
2023$59.6M · 754 accts · $2.3M emplr
2022$46.7M · 698 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,261
Investment management$144,067
Audit (IQPA)$16,050
Total administrative$215,378
The Van Wall Equipment, Inc. 401(k) match · 2024
Employer contribution per active participant$3,591
Median for plans this size$3,635
2024$3,591 per active participant
2023$3,708 per active participant
2022$3,617 per active participant

Van Wall Equipment, Inc.'s 2024 employer contribution ran below 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
WELLS FARGO ADVISORS · Investment advisory (plan)$144,067
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$55,261
MERIWETHER WILSON AND COMPANY, PLLC · Accounting / audit$16,050

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$215,378 · 0.34%
2023$192,010 · 0.36%
2022$181,055 · 0.36%
Same employer
Similar plansRetail Trade · Iowa
Casey's General Stores Inc. IA$514.4M · 0.15%
Fareway Stores, Inc. IA$436.5M · 0.13%
McCoy Group, Inc. IA$266.7M · 0.22%
Von Maur, Inc. IA$112.3M · 0.27%
Kum & Go, Lc IA$66.2M · 0.50%
Bomgaars Supply, Inc. IA$52.7M · 0.41%
Willis Cadillac, Inc. IA$45.1M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421085712 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.