Weland Clinical Laboratories, P.C.401(k)
WELAND ENTITIES 401(K) PLAN · CEDAR RAPIDS, IA · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Weland Clinical Laboratories, P.C. reported $45,745 in plan administrative expenses for 2023: 0.29% of average plan assets, above the peer median. Employer contributions averaged $4,066 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 1 year on file its reported administrative ratio rose from 0.28% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Iowa (453rd of 878), and the 4,134th of 11,911 in health care & social assistance. In 2023, employees put in $1.04 for every $1.00 the employer contributed.
Weland Clinical Laboratories, P.C.'s 2023 employer contribution ran above the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 421174563 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.