Plan Snapshot
- Plan Sponsor: Goodwill Industries Of Ne Iowa, INC.
- Sponsor EIN: 420839399
- Sponsor Address: 2800 FALLS AVENUE, WATERLOO, IA, 50701
- Plan Type: 401(k)
- Total Participants: 327
- Total Assets: $7.2M
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 | 327 | $7.2M | $281,653 | $302,719 |
| 2023 | 327 | $6.3M | $279,118 | $340,623 |
| 2022 | 331 | $5.4M | $227,928 | $318,599 |
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 | $39,503 | — | $39,503 |
| ACCEL WEALTH MANAGEMENT LLC | INVESTMENT ADVISORY | — | $18,919 | $18,919 |
| HOGAN - HANSEN, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,422
- Estimated Expense Ratio: 0.808% 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 | $39,503 | — | $39,503 | — | — |
| 2023 | $36,200 | — | $36,200 | — | — |
| 2022 | $35,199 | — | $35,199 | — | — |