Plan Snapshot
- Plan Sponsor: Iowa Bankers Benefit Plan Board Of Trustees
- Sponsor EIN: 421122086
- Sponsor Address: 8901 NORTHPARK DRIVE, JOHNSTON, IA, 501316200
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 12,073
- Total Assets: $151.6M
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. |
|---|---|---|---|---|
| 2025 | 12,073 | $151.6M | $0 | $0 |
| 2024 | 12,435 | $125.7M | $160.9M | $0 |
| 2023 | 13,750 | $101.1M | $164.4M | $0 |
| 2022 | 14,735 | $80.6M | $170.1M | $0 |
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 |
|---|---|---|---|---|
| WELLMARK BLUE CROSS BLUE SHIELD | Other Service Provider | $5,830,812 | — | $5,830,812 |
| DELTA DENTAL OF IOWA | Other Service Provider | $420,970 | — | $420,970 |
| DONALDSON CAPITAL MANAGEMENT | Other Service Provider | $169,490 | — | $169,490 |
| MILLER & CHEVALIER | Other Service Provider | $149,798 | — | $149,798 |
| BRAL NIEDERT PRIVATE WEALTH ADVISOR | Other Service Provider | $94,317 | — | $94,317 |
| MILLIMAN | Other Service Provider | $82,410 | — | $82,410 |
| DELOITTE & TOUCHE LLP | Other Service Provider | $79,750 | — | $79,750 |
| IOWA INSURANCE DIVISION | Other Service Provider | $8,100 | — | $8,100 |
| DENTONS DAVIS, BROWN, KOEHN LAW FIR | Other Service Provider | $7,426 | — | $7,426 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,843,073
- Estimated Expense Ratio: 4.513% 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 |
|---|---|---|---|---|---|
| 2025 | $148,702,694 | $263,807 | $6,251,782 | $79,750 | — |
| 2024 | $7,919,646 | $219,934 | $6,139,677 | $79,075 | — |
| 2023 | $7,323,351 | $148,307 | $5,885,708 | $83,680 | — |
| 2022 | $7,514,032 | $115,924 | $6,312,671 | — | $185,437 |