# United Bank Of Iowa 401(k) Plan
Source: https://planprovider.pro/companies/united-bank-of-iowa-401k-plan

> United Bank Of Iowa's 401(k) plan: 290 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/eide-bailly-llp) — 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|

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