Department of Labor filing

UNITED BANK OF IOWA

IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 7, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

66filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$5,396

Reported employer contributions per active participant.

Higher than about 90% of comparable plans

#People in the filing

290

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$395 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 11% of comparable plans

↗Investment performance

Not available

Plan assets changed 4.2%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202466out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions90th percentileTypical peer $2,225 · based on 264 comparable plans

Lower reported administrative expense11th percentileTypical peer $140 · based on 273 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, UNITED BANK OF IOWA reported $1,564,888 in employer contributions across the plan and 290 active participants. That works out to $5,396 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy72%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 5.9%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 2.9%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context66/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $1,564,888
Participant contributions: $2,017,342
Other contributions: $254,249
Employer share of reported contributions: 43.7%
Beginning assets: $64,498,975
Ending assets: $67,179,748
Ending net assets: $67,179,748
Ending liabilities: $0
Total income: $8,764,750
Total expenses: $6,083,977
Administrative expenses: $161,363
Participant loans: $204,938

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$5,097

2023

$5,433

2024

$5,396

Plan-paid administrative expenses per participant

2022

$406

2023

$448

2024

$395

Active participants

2022

280

2023

270

2024

290

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$5,396	290	67.2M	20251007103437NAL0004631265001
2023	$5,433	270	64.5M	20241014131204NAL0014978819001
2022	$5,097	280	59.3M	20240502145239NAL0021121136001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.3%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 421166401-003

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1987
Industry: Management of companies
Amended filing: Yes
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2F2G2I2J2K2O2P2Q2S2T3I

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
PRINCIPAL FINANCIAL GROUP	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20251007103437NAL0004631265001

Data sourceDOL Form 5500 bulk data ↗

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