Plan Snapshot
- Plan Sponsor: Abbe, INC
- Sponsor EIN: 421373123
- Sponsor Address: 740 NORTH 15TH AVENUE, HIAWATHA, IA, 52233
- Plan Type: 401(k)
- Total Participants: 322
- Total Assets: $14.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 322 | $14.8M | $0 | $0 |
| 2023 | 314 | $16.9M | $15,417 | $0 |
| 2022 | 356 | $16.7M | $595,884 | $893,222 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| AMERICAN TRUST COMPANY | Other Service Provider | $52,276 | — | $52,276 |
| STRATEGIC FINANCIAL SOLUTIONS | Investment Advisor | $36,322 | — | $36,322 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,598
- Estimated Expense Ratio: 0.599% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $88,598 | $36,322 | $52,276 | — | — |
| 2023 | $89,418 | $35,955 | $53,463 | — | — |
| 2022 | $93,738 | $37,057 | $56,681 | — | — |