Plan Snapshot
- Plan Sponsor: Vermeer Corporation
- Sponsor EIN: 420663191
- Sponsor Address: P.O. BOX 200, PELLA, IA, 502190200
- Plan Type: 401(k)
- Total Participants: 4,103
- Total Assets: $498.8M
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 | 4,103 | $498.8M | $8.9M | $28.7M |
| 2023 | 4,118 | $448.4M | $8.0M | $26.7M |
| 2022 | 3,762 | $376.1M | $7.1M | $23.9M |
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 |
|---|---|---|---|---|
| MG TRUST COMPANY DBA MATRIX TRUST C | TRUSTEE/RECORDKEPPER | — | $605,890 | $605,890 |
| ONEAMERICA RETIREMENT SERVICES | RECORDKEPER | $412,130 | — | $412,130 |
| INTELLICENTS INVESTMET SOLUTIONS IN | INVESTMENT ADVISOR | $332,254 | — | $332,254 |
| EIDE BAILLY LLP | AUDITOR | $15,855 | — | $15,855 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MG TRUST COMPANY DBA MATRIX TRUST C — TRUSTEE/RECORDKEPPER
- EIDE BAILLY LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,366,129
- Estimated Expense Ratio: 0.274% 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 | $760,239 | $332,254 | — | $15,855 | — |
| 2023 | $740,309 | $293,459 | — | $14,500 | — |
| 2022 | $668,820 | $319,242 | $349,578 | — | — |