Plan Ledger DOL Form 5500 · updated monthly

Willis Cadillac, Inc.401(k)

WILLIS CADILLAC, INC. RETIREMENT PLAN · DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Willis Cadillac, Inc. reported $126,365 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $2,061 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 has held roughly steady near 0.291%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 212th-largest of 878 plans among Iowa employers on file, and the 704th of 5,215 in retail trade. In 2024, employees put in $3.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$45,129,042
Participants with balances526
Active participants444
Employer contributions$914,997
Employee contributions$2,895,249
Employer contribution per active participant$2,061
Average account balance$85,797
Benefits paid to participants$5,430,357
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history2
Yearassets · accounts · employer contribution
2024$45.1M · 526 accts · $915K emplr
2023$41.9M · 533 accts · $992K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$126,365
Total administrative$126,365
The Willis Cadillac, Inc. 401(k) match · 2024
Employer contribution per active participant$2,061
Median for plans this size$2,416
2024$2,061 per active participant
2023$2,165 per active participant

Willis Cadillac, 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$126,365
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 history2
2024$126,365 · 0.29%
2023$110,206 · 0.29%
Same employer
Similar plansRetail Trade · Iowa
Van Wall Equipment, Inc. IA$67.4M · 0.34%
Kum & Go, Lc IA$66.2M · 0.50%
Bomgaars Supply, Inc. IA$52.7M · 0.41%
Trivista Companies, Inc. IA$36.6M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420800348 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.