Plan Snapshot
- Plan Sponsor: Norwalk/Indianola Ready-Mixed Concrete INC.
- Sponsor EIN: 420982450
- Sponsor Address: 1535 NORTH AVENUE, NORWALK, IA, 50211
- Plan Type: 401(k)
- Total Participants: 136
- Total Assets: $12.1M
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 | 136 | $12.1M | $327,543 | $602,683 |
| 2023 | 129 | $11.5M | $225,511 | $584,739 |
| 2022 | 129 | $12.0M | $271,192 | $633,709 |
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 |
|---|---|---|---|---|
| DESMOND CPA, PLC | 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 | $76,442 | — | — | — | — |
| 2023 | $84,620 | — | — | $5,500 | — |
| 2022 | $77,783 | — | — | — | — |