Plan Snapshot
- Plan Sponsor: Iowa Association Of Electric Cooperative
- Sponsor EIN: 420662488
- Sponsor Address: 8525 DOUGLAS AVENUE, SUITE 48, DES MOINES, IA, 503222992
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 3,979
- Total Assets: $9.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,979 | $9.0M | $24.6M | $36,743 |
| 2023 | 4,158 | $8.2M | $24.4M | $16,789 |
| 2022 | 4,138 | $8.7M | $21.4M | $81,343 |
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 |
|---|---|---|---|---|
| RXBENEFITS | Other Service Provider | $140,320 | — | $140,320 |
| MILLIMAN | Recordkeeper | $52,441 | — | $52,441 |
| DELTA DENTAL | Other Service Provider | $43,140 | — | $43,140 |
| UHY, LLP | Auditor | $10,225 | — | $10,225 |
| AVESIS | Other Service Provider | $5,255 | — | $5,255 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $251,381
- Estimated Expense Ratio: 2.791% 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 | $1,344,103 | $21,871 | $1,259,566 | $10,225 | — |
| 2023 | $2,374,532 | $20,073 | $1,187,323 | $16,025 | — |
| 2022 | $1,543,737 | $48,282 | $1,381,749 | — | $112,843 |