Plan Snapshot
- Plan Sponsor: Bartels Lutheran Home Corporation Dba Bartels Lutheran Retirement Comm
- Sponsor EIN: 420752685
- Sponsor Address: 1922 FIFTH AVENUE NW, WAVERLY, IA, 50677
- Plan Type: 401(k)
- Total Participants: 183
- Total Assets: $3.8M
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 | 183 | $3.8M | $142,444 | $263,672 |
| 2023 | 172 | $4.6M | $128,809 | $231,826 |
| 2022 | 145 | $4.4M | $114,802 | $221,485 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $20,121 | — | $20,121 |
| QUALIFIED PLAN CONSULTANTS | Other Service Provider | — | $12,895 | $12,895 |
| AMERICAN TRUST COMPANY | Recordkeeper | $10,837 | — | $10,837 |
| PRINCIPAL SECURITIES | Other Service Provider | — | $8,111 | $8,111 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,964
- Estimated Expense Ratio: 1.350% 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 | $30,958 | — | $30,958 | — | — |
| 2023 | $21,622 | — | $21,622 | — | — |
| 2022 | $18,691 | — | — | — | — |