# Van Meter INC. 401(k) Plan
Source: https://planprovider.pro/companies/van-meter-inc-401k-plan

> Van Meter INC.'s 401(k) plan: 840 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/merrill-lynch) — CONSULTANT

- [REDPATH AND COMPANY, LLC](https://planprovider.pro/provider/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|—|—|

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