Plan Snapshot
- Plan Sponsor: Iowa State Bank
- Sponsor EIN: 420335307
- Sponsor Address: 105 ALBANY AVENUE, ORANGE CITY, IA, 510411773
- Plan Type: 401(k)
- Total Participants: 123
- Total Assets: $21.5M
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 | 123 | $21.5M | $581,597 | $966,419 |
| 2023 | 134 | $20.4M | $491,186 | $866,083 |
| 2022 | 104 | $17.9M | $400,993 | $736,546 |
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 |
|---|---|---|---|---|
| MERIWETHER, WILSON & COMPANY, PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $81,609 | — | $81,609 | — | — |
| 2023 | $73,565 | — | $73,565 | — | — |
| 2022 | $68,734 | — | $68,734 | — | — |