Plan Snapshot
- Plan Sponsor: Grinnell Mutual Reinsurance Company
- Sponsor EIN: 420245990
- Sponsor Address: 4215 HIGHWAY 146, GRINNELL, IA, 50112
- Plan Type: 401(k)
- Total Participants: 743
- Total Assets: $151.7M
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 | 743 | $151.7M | $4.4M | $7.0M |
| 2023 | 770 | $134.7M | $1.7M | $6.9M |
| 2022 | 818 | $119.0M | $1.5M | $6.6M |
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 | $68,109 | — | $68,109 |
| MARSHALL VANDER LINDEN, CPA, PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MARSHALL VANDER LINDEN, CPA, PLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,109
- Estimated Expense Ratio: 0.045% 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 | $68,109 | — | $68,109 | — | — |
| 2023 | $82,941 | — | $82,941 | — | — |
| 2022 | $86,053 | — | $86,053 | — | — |