Plan Snapshot
- Plan Sponsor: The University Of Iowa Center For Advancement
- Sponsor EIN: 420796760
- Sponsor Address: ONE WEST PARK ROAD, IOWA CITY, IA, 52242
- Plan Type: 401(k)
- Total Participants: 303
- Total Assets: $51.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 303 | $51.0M | $2.7M | $2.0M |
| 2023 | 295 | $43.8M | $2.5M | $1.8M |
| 2022 | 277 | $35.6M | $2.3M | $1.5M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | Recordkeeper | $47,580 | — | $47,580 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,580
- Estimated Expense Ratio: 0.093% 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 | $47,580 | — | $47,580 | — | — |
| 2023 | $44,802 | — | $44,802 | — | — |
| 2022 | $41,761 | — | $27,327 | — | $14,434 |