Plan Snapshot
- Plan Sponsor: Omaha Standard, LLC
- Sponsor EIN: 462423518
- Sponsor Address: 3501 S. 11TH STREET, COUNCIL BLUFFS, IA, 51501
- Plan Type: 401(k)
- Total Participants: 828
- Total Assets: $46.8M
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 | 828 | $46.8M | $2.2M | $5.8M |
| 2023 | 808 | $39.3M | $2.0M | $5.0M |
| 2022 | 772 | $34.6M | $1.8M | $4.6M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $121,475 | — | $121,475 |
| USI ADVISORS, INC. | INVESTMENT ADVISORY | $69,980 | $20 | $70,000 |
| LUTZ & COMPANY, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LUTZ & COMPANY, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $191,475
- Estimated Expense Ratio: 0.409% 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 | $191,455 | $69,980 | $121,475 | — | — |
| 2023 | $173,631 | $69,981 | $94,050 | $9,600 | — |
| 2022 | $174,157 | $71,034 | $87,373 | — | $15,750 |