Plan Snapshot
- Plan Sponsor: Abc Of Iowa
- Sponsor EIN: 421029016
- Sponsor Address: 3100 SE ENTERPRISE DRIVE, GRIMES, IA, 50111
- Plan Type: 401(k)
- Total Participants: 716
- Total Assets: $34.3M
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 | 716 | $34.3M | $1.2M | $2.5M |
| 2023 | 719 | $30.1M | $994,368 | $2.2M |
| 2022 | 682 | $24.6M | $926,842 | $2.0M |
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 |
|---|---|---|---|---|
| 3(16) FIDUCIARY SERVICES CORP | Recordkeeper | $32,010 | — | $32,010 |
| TRANSAMERICA FINANCIAL LIFE INS CO. | Recordkeeper | $30,960 | — | $30,960 |
| QUALIFIED PLAN CONSULTANTS, LLC | Recordkeeper | $26,792 | $3,372 | $30,164 |
| TEMPLETON & COMPANY LLP | Auditor | $12,500 | — | $12,500 |
| CETERA FINANCIAL GROUP | Investment Advisor | — | $10,736 | $10,736 |
| MESIROW FINANCIAL | Investment Advisor | $6,454 | — | $6,454 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA FINANCIAL LIFE INS CO. — Recordkeeper
- TEMPLETON & COMPANY LLP — Auditor
- MESIROW FINANCIAL — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $122,824
- Estimated Expense Ratio: 0.358% 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 | $108,565 | — | $32,009 | $12,500 | — |
| 2023 | $105,119 | — | $26,108 | $11,000 | — |
| 2022 | $104,836 | — | $94,836 | — | $10,000 |