Plan Snapshot
- Plan Sponsor: Midamerican Energy Company
- Sponsor EIN: 421425214
- Sponsor Address: P.O. BOX 657, DES MOINES, IA, 503060657
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 8,969
- Total Assets: $2.3B
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. |
|---|---|---|---|---|
| 2025 | 8,969 | $2.3B | $0 | $0 |
| 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 | $38.8M | $49.7M |
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 | $206,650 | — | $206,650 |
| MOSS ADAMS LLP | Other Service Provider | $100,567 | — | $100,567 |
| MIDAMERICAN ENERGY | Other Service Provider | $95,242 | — | $95,242 |
| JACKSON LEWIS P.C. | Other Service Provider | $23,948 | — | $23,948 |
| AON HEWITT INVESTMENT | Other Service Provider | $21,362 | — | $21,362 |
| WILLIS TOWERS WATSON US | Other Service Provider | $6,292 | — | $6,292 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $454,061
- Estimated Expense Ratio: 0.020% 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 | $191,077,626 | — | — | $100,567 | — |
| 2024 | $479,368 | — | — | $57,461 | — |
| 2023 | $405,387 | $18,355 | — | $36,113 | — |
| 2022 | $304,429 | — | — | — | $304,429 |
| 2021 | $485,714 | — | — | — | — |