# Bank Iowa Corporation 401(k) Plan
Source: https://planprovider.pro/companies/bank-iowa-corporation-401k-plan

> Bank Iowa Corporation's 401(k) plan: 284 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Bank Iowa Corporation

- **Sponsor EIN:** 470469229

- **Sponsor Address:** 1225 JORDAN CREEK PKWY 200, WEST DES MOINES, IA, 50266

- **Plan Type:** 401(k)

- **Total Participants:** 284

- **Total Assets:** $49.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|284|$49.5M|$1.1M|$2.1M|

| 2023|276|$45.6M|$1.1M|$2.0M|

| 2022|290|$38.6M|$961,244|$1.8M|

## 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|

| RSM US LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [RSM US LLP](https://planprovider.pro/provider/rsm-us-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|$124,639|$112,722|—|—|—|

| 2023|$108,140|$99,049|—|—|—|

| 2022|$102,307|$102,307|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/bank-iowa-corporation-401k-plan)

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