Plan Ledger DOL Form 5500 · updated monthly

Van Wyk, Inc.401(k)

VAN WYK/LINK MANUFACTURING/MAINTAINER CORPORATION 401(K) PROFIT SHARING PLAN · SHELDON, IA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Van Wyk, Inc. reported $83,815 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $1,405 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 0.28% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 299th-largest of 878 plans among Iowa employers on file, and the 550th of 2,677 in transportation & warehousing. In 2024, employees put in $1.78 for every $1.00 the employer contributed; active participation has grown from 576 to 674 since 2022.

Plan summary
Net assets, end of year$30,184,193
Participants with balances559
Active participants674
Employer contributions$946,761
Employee contributions$1,682,512
Employer contribution per active participant$1,405
Average account balance$53,997
Benefits paid to participants$2,485,235
Plan auditUnmodified (clean) audit opinion
AuditorWINTHER, STAVE & CO. , LLP
Plan history3
Yearassets · accounts · employer contribution
2024$30.2M · 559 accts · $947K emplr
2023$26.6M · 535 accts · $942K emplr
2022$20.7M · 506 accts · $626K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,861
Investment management$34,128
Trustee / custodial$38,826
Total administrative$83,815
The Van Wyk, Inc. 401(k) match · 2024
Employer contribution per active participant$1,405
Median for plans this size$2,416
2024$1,405 per active participant
2023$1,425 per active participant
2022$1,086 per active participant

Van Wyk, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
ALERUS FINANCIAL, N.A. · Recordkeeping · Custodial (securities)$49,687
INTELLICENTS INC · Investment advisory (participants) · Investment advisory (plan)$34,128
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Investment managementindirect 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
2024Alerus
2023Alerus

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

Administrative cost history3
2024$83,815 · 0.30%
2023$74,825 · 0.32%
2022$63,488 · 0.28%
Same employer
Similar plansTransportation & Warehousing · Iowa
Ruan Transport Corporation IA$299.6M · 0.23%
Crst Expedited Inc IA$100.6M · 0.36%
10 Roads Express IA$63.0M · 0.29%
Decker Truck Line, Inc. IA$30.1M · 0.30%
Hodge Company IA$24.5M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420954411 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.