Plan Snapshot
- Plan Sponsor: Midamerican Energy Company
- Sponsor EIN: 421425214
- Sponsor Address: P.O. BOX 657, DES MOINES, IA, 503060657
- Plan Type: 401(k)
- Total Participants: 7,624
- Total Assets: $2.0B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 7,624 | $2.0B | $70.2M | $78.5M |
| 2023 | 6,813 | $1.7B | $62.3M | $69.5M |
| 2022 | 5,056 | $1.3B | $48.0M | $52.4M |
| 2021 | 4,986 | $1.6B | $0 | $0 |
| 2020 | 4,964 | $1.4B | $0 | $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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMI | Other Service Provider | $218,924 | — | $218,924 |
| MIDAMERICAN ENERGY | Other Service Provider | $109,526 | — | $109,526 |
| WILLIS TOWERS WATSON US | Recordkeeper | $50,296 | — | $50,296 |
| MOSS ADAMS LLP | Recordkeeper | $46,568 | — | $46,568 |
| JACKSON LEWIS P.C. | ERISA Attorney | $21,653 | — | $21,653 |
| AON HEWITT INVESTMENT | Other Service Provider | $21,508 | — | $21,508 |
| CLIFTONLARSONALLEN LLP | Auditor | $10,894 | — | $10,894 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US — Recordkeeper
- MOSS ADAMS LLP — Recordkeeper
- JACKSON LEWIS P.C. — ERISA Attorney
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $479,369
- Estimated Expense Ratio: 0.024% 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 | $479,368 | — | — | $57,461 | — |
| 2023 | $405,387 | $18,355 | — | $36,113 | — |
| 2022 | $304,429 | — | — | — | $304,429 |
| 2021 | $485,714 | — | — | — | — |
| 2020 | $423,528 | — | — | — | — |