Plan Snapshot
- Plan Sponsor: United Bank Of Iowa
- Sponsor EIN: 421166401
- Sponsor Address: 501 2ND ST, IDA GROVE, IA, 514451304
- Plan Type: 401(k)
- Total Participants: 290
- Total Assets: $67.2M
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 | 290 | $67.2M | $1.6M | $2.0M |
| 2023 | 270 | $64.5M | $1.5M | $1.9M |
| 2022 | 280 | $59.3M | $1.4M | $1.8M |
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 |
|---|---|---|---|---|
| EIDE BAILLY | Auditor | $5,578 | — | $5,578 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,578
- Estimated Expense Ratio: 0.008% 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 | $161,363 | $14,069 | $123,499 | $5,578 | — |
| 2023 | $172,897 | $16,356 | $156,541 | — | — |
| 2022 | $160,027 | $10,696 | $141,071 | — | $8,260 |