Plan Snapshot
- Plan Sponsor: Van Meter INC.
- Sponsor EIN: 421448821
- Sponsor Address: 850 32ND AVE SW, CEDAR RAPIDS, IA, 524043913
- Plan Type: 401(k)
- Total Participants: 840
- Total Assets: $106.2M
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 | 840 | $106.2M | $641,076 | $5.9M |
| 2023 | 848 | $95.4M | $638,542 | $5.7M |
| 2022 | 797 | $78.9M | $582,143 | $5.2M |
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 | $233,012 | — | $233,012 |
| MERRILL LYNCH | CONSULTANT | — | $95,535 | $95,535 |
| REDPATH AND COMPANY, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH — CONSULTANT
- REDPATH AND COMPANY, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $328,547
- Estimated Expense Ratio: 0.309% 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 | $233,012 | — | $233,012 | — | — |
| 2023 | $197,719 | — | $197,719 | — | — |
| 2022 | $192,938 | — | $192,938 | — | — |