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Original filing (PDF)20250912124601NAL0000775107001
BOOMERANG CORP.
Form 5500
FILING_RECEIVED
BOOMERANG 401(K) PLAN
401(k) retirement plan
Signals · 1
No recordkeeper disclosed
Active participants
147
Accounts w/ balance
206
Plan assets (EOY)
$8.7M
Net assets (EOY)
$8.7M
How this plan invests
This plan
9 pooled trusts
Schedule D
23 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
93
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
80
Vendor stack
80
Participation health
100
Knocking points off
- 67 bps in Schedule C fees — modestly above peer band of 52 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOOMERANG CORP..
Plan sponsor
Name
BOOMERANG CORP.
EIN
42-1521119
Address
13225 CIRCLE DR. SUITE A · PO BOX 227 · ANAMOSA, IA · 52205
Phone
(319) 462-4435
Industry
Utilitiessee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-09-12
Pension benefit codes
2A · Age/service weighted or new comparability
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
CLIFTON LARSON ALLEN LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsAdvisor / Consultant
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| COMMONWEALTH FINANCIAL NETWORK | 04-2675571 | — | INVESTMENT ADVISORY | $0 | — |
| WILSHIRE ADVISORS LLC | 95-2755361 | — | INVESTMENT ADVISORY | $0 | — |
TPA / Administrator
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | 42-0127290 | — | CONTRACT ADMINISTRATOR | $58K | — |
| QUALIFIED PLAN CONSULTANTS | 20-0223513 | — | CONTRACT ADMINISTRATOR | $0 | — |
Investments
17 direct securities · 9 pooled funds· $8.7M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Uncategorized
$8.4M
17 holdings
Pooled Separate Account
$228K
5 holdings
Common Collective Trust
$8K
4 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| American Funds 2045 Target Date Retirement Fund | — | — | — | $2.0M | 23.4% | |
| American Funds 2040 Target Date Retirement Fund | — | — | — | $1.3M | 15.2% | |
| American Funds 2060 Target Date Retirement Fund | — | — | — | $1.1M | 12.5% | |
| American Funds 2050 Target Date Retirement Fund | — | — | — | $1.1M | 12.2% | |
| American Funds 2055 Target Date Retirement Fund | — | — | — | $833K | 9.6% | |
| American Funds 2065 Target Date Retirement Fund | — | — | — | $799K | 9.2% | |
| American Funds 2030 Target Date Retirement Fund | — | — | — | $530K | 6.1% | |
| American Funds 2035 Target Date Retirement Fund | — | — | — | $317K | 3.7% | |
| American Funds 2025 Target Date Retirement Fund | — | — | — | $247K | 2.8% | |
| PRIN LGCP S&P 500 INDEX SA-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 016 | Pooled Separate Account | — | — | $167K | 1.9% | |
| Principal Life Insurance Fixed Income Guaranteed Option 230 * Participants Participant Loans Rates from 5.25% to 9.50% | — | — | — | $90K | 1.0% | |
| American Funds New World Fund | — | — | — | $39K | 0.4% | |
| Fidelity Advisor Growth Opportunities Fund | — | — | — | $36K | 0.4% | |
| American Funds 2010 Target Date Retirement Fund | — | — | — | $33K | 0.4% | |
| PRIN SMCAP S&P 600 INDEX SA-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 028 | Pooled Separate Account | — | — | $31K | 0.4% | |
| PRIN MIDCAP S&P 400 IDX SA-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 023 | Pooled Separate Account | — | — | $16K | 0.2% | |
| Principal Life Insurance Mid Cap S&P 400 Index Separate Account | — | — | — | $16K | 0.2% | |
| PRIN CORE PLUS BOND SEP ACCT Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 005 | Pooled Separate Account | — | — | $14K | 0.2% | |
| MFS Value Fund | — | — | — | $11K | 0.1% | |
| American Funds EuroPacific Growth Fund | — | — | — | $3K | <0.1% | |
| MID CAP GROWTH R1 FUND GREAT GRAY TRUST COMPANY · EIN 38-4126247 / PN 549 | Common Collective Trust | — | — | $3K | <0.1% | |
| MID CAP VALUE R1 FUND GREAT GRAY TRUST CCMPANY · EIN 38-4139852 / PN 630 | Common Collective Trust | — | — | $3K | <0.1% | |
| American Funds 2070 Target Date Retirement Fund | — | — | — | $2K | <0.1% | |
| SMALL CAP VALUE II R1 FUND GREAT GRAY TRUST COMPANY · EIN 38-4126250 / PN 554 | Common Collective Trust | — | — | $2K | <0.1% | |
| PRIN SMCAP GROWTH I SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 070 | Pooled Separate Account | — | — | $77 | <0.1% | |
| INTERNATIONAL EQUITY R1 FUND GREAT GRAY TRUST COMPANY · EIN 38-4139853 / PN 631 | Common Collective Trust | — | — | $31 | <0.1% |