Norwalk/Indianola Ready-Mixed 401(K) Plan — Form 5500 plan (Norwalk/Indianola Ready-Mixed Concrete Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Norwalk/Indianola Ready-Mixed 401(K) Plan is a benefit plan reported by Norwalk/Indianola Ready-Mixed Concrete Inc. under EIN 42-0982450 and plan number 001. The latest loaded filing year is 2023. The filing reports 167 participants and $11,539,580 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$11.5MPlan net assets, end of year$11,527,854
Participants167Covered participants reported
Assets / participant$69.1KComputed: assets ÷ participants$69,099 (computed)
Provider compensation$84.6K3 Schedule C provider row(s)$84,620
- Plan sponsor
- Norwalk/Indianola Ready-Mixed Concrete Inc.
- EIN
- 42-0982450
- Plan number
- 001
- Plan type
- 2
- Location
- Norwalk, IA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 167 | H, C | 20241015162129NAL0048877632001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$11.5M total assets
Net assets$11.5MLiabilities$11.7K
Full reported line items
Net assets
- Total assets (EOY)
- $11,539,580
- Total liabilities (EOY)
- $11,726
- Net assets (EOY)
- $11,527,854
- Net assets (BOY)
- $11,963,217
Income & contributions
- Employer contributions
- $225,511
- Participant contributions
- $584,739
- Total contributions
- $810,250
- Total income / additions
- $2,734,343
Expenses & distributions
- Benefits paid
- $3,073,360
- Administrative expenses
- $84,620
- Total expenses
- $3,169,706
- Net increase / (decrease)
- -$435,363
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
28%72%
Employer 28%Participant 72%
Total expenses ÷ net assets27%Computed ratio
Benefits paid ÷ total income112%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| City State Bank | NONE | $74,922 | not reported in the loaded dataset | 2023 |
| Desmond Cpa Plc | NONE | $5,500 | not reported in the loaded dataset | 2023 |
| Epic Retirement Plan Services | NONE | $4,198 | $0 | 2023 |