Plan Snapshot
- Plan Sponsor: Benchmark, INC.
- Sponsor EIN: 421202463
- Sponsor Address: 6065 HUNTINGTON CT NE, CEDAR RAPIDS, IA, 524021224
- Plan Type: 401(k)
- Total Participants: 114
- Total Assets: $18.6M
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 | 114 | $18.6M | $307,587 | $1.1M |
| 2023 | 118 | $21.4M | $289,280 | $1.0M |
| 2022 | 113 | $17.8M | $286,692 | $1.1M |
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 | CONTRACT ADMINISTRATOR | $60,120 | — | $60,120 |
| PRINCIPAL SECURITIES INC | OTHER SERVICES | — | $8,177 | $8,177 |
| DAHM, KNAPP & ASSOCIATES, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DAHM, KNAPP & ASSOCIATES, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,297
- Estimated Expense Ratio: 0.366% 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 | $60,121 | — | $60,121 | — | — |
| 2023 | $14,848 | — | $14,848 | — | — |
| 2022 | $2,379 | — | $2,379 | — | — |