Plan Snapshot
- Plan Sponsor: Drake University
- Sponsor EIN: 420680460
- Sponsor Address: 2507 UNIVERSITY AVE., DES MOINES, IA, 503114505
- Plan Type: 401(k)
- Total Participants: 1,315
- Total Assets: $297.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 1,315 | $297.1M | $4.9M | $3.1M |
| 2023 | 1,285 | $277.0M | $5.1M | $3.1M |
| 2022 | 1,224 | $248.6M | $4.9M | $2.9M |
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 |
|---|---|---|---|---|
| TIAA | NONE | $120,130 | — | $120,130 |
| CLIFTONLARSONALLEN LLP | NONE | $48,182 | — | $48,182 |
| PLANPILOT, LLC | NONE | $13,300 | — | $13,300 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — NONE
- CLIFTONLARSONALLEN LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $181,612
- Estimated Expense Ratio: 0.061% 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 | $181,612 | — | $120,130 | $48,182 | — |
| 2023 | $133,914 | — | $97,172 | $36,742 | — |
| 2022 | $103,162 | — | $103,162 | — | — |