Plan Snapshot
- Plan Sponsor: Midamerican Energy Company
- Sponsor EIN: 421425214
- Sponsor Address: P.O. BOX 657, DES MOINES, IA, 503060657
- Plan Type: DB
- Total Participants: 2,594
- Total Assets: $521.3M
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. |
|---|---|---|---|---|
| 2024 | 2,594 | $521.3M | $0 | $0 |
| 2023 | 2,805 | $516.0M | $0 | $0 |
| 2022 | 3,002 | $490.1M | $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 |
|---|---|---|---|---|
| BAKER TILLY US, LLP | Auditor | $45,885 | — | $45,885 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,885
- Estimated Expense Ratio: 0.009% 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 | $1,426,045 | — | $755,629 | $45,885 | — |
| 2023 | $721,836 | — | $211,037 | $20,738 | — |
| 2022 | $411,317 | — | — | — | $411,317 |