Plan Ledger DOL Form 5500 · updated monthly

Woodward Communications, Inc.401(k)

WOODWARD COMMUNICATIONS, INC. PROFIT SHARING PLAN AND TRUST · DUBUQUE, IA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Woodward Communications, Inc. reported $38,524 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $504 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 0.04% to 0.11%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 245th-largest of 878 plans among Iowa employers on file, and the 666th of 2,199 in information & media. In 2024, employees put in $7.46 for every $1.00 the employer contributed; active participation has grown from 273 to 312 since 2022.

Plan summary
Net assets, end of year$37,182,682
Participants with balances468
Active participants312
Employer contributions$157,370
Employee contributions$1,174,221
Employer contribution per active participant$504
Average account balance$79,450
Benefits paid to participants$6,878,975
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$37.2M · 468 accts · $157K emplr
2023$36.0M · 454 accts · $154K emplr
2022$33.1M · 437 accts · $169K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,524
Total administrative$38,524
The Woodward Communications, Inc. 401(k) match · 2024
Employer contribution per active participant$504
Median for plans this size$2,416
2024$504 per active participant
2023$533 per active participant
2022$619 per active participant

Woodward Communications, Inc.'s 2024 employer contribution ran below the $2,416 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 · Loan processing$38,523
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)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$38,524 · 0.11%
2023$7,337 · 0.02%
2022$16,818 · 0.04%
All plans at this employer2
WOODWARD COMMUNICATIONS, INC. PROFIT SHARING PLAN AND TRUST401(k)
WOODWARD COMMUNICATIONS, INC EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Ruffalo Noel Levitz IA$54.6M · 0.13%
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Source: U.S. Department of Labor, Form 5500 series, EIN 420559640 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.