Plan Snapshot
- Plan Sponsor: Iowa Legal Aid
- Sponsor EIN: 421079227
- Sponsor Address: 666 WALNUT STREET 25TH FLOOR, DES MOINES, IA, 50309
- Plan Type: 401(k)
- Total Participants: 122
- Total Assets: $14.8M
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 | 122 | $14.8M | $503,759 | $714,403 |
| 2023 | 112 | $13.4M | $455,945 | $651,246 |
| 2022 | 106 | $11.8M | $461,421 | $601,934 |
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 | Recordkeeper | $31,370 | — | $31,370 |
| USI ADVISORS, INC. | Investment Advisor | $10,498 | $9,002 | $19,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,870
- Estimated Expense Ratio: 0.344% 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 | $41,868 | $10,498 | $31,370 | — | — |
| 2023 | $41,695 | — | $41,695 | — | — |
| 2022 | $36,221 | — | $36,221 | — | — |