Heartland Financial USA 401(k) match, vesting and fees
What Heartland Financial USA's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | July Business Services | Schedule C ↗ |
| Independent auditor | Eide Bailly (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 673 defined-contribution plans in finance and insurance with 1,000 to 4,999 participants.
| Heartland Financial USA: employer contribution per participant | $4,040 | |
| Peer median | $2,966 |
| Heartland Financial USA: average balance | $115,951 | |
| Peer median | $104,792 |
| Heartland Financial USA: admin expenses ÷ assets | 0.05% | |
| Peer median | 0.10% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $281M at the end of plan year 2022 to $318M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,753 | $318M | $11.1M | $4,040 | 0.05% | Not published | Form 5500 ↗ |
| 2023 | 3,037 | $304M | $11.6M | $3,838 | 0.03% | Not published | Form 5500 ↗ |
| 2022 | 3,110 | $281M | $10.5M | $3,392 | 0.02% | Not published | Form 5500 ↗ |
Common questions
Does Heartland Financial USA match 401(k) contributions?
The match terms for the Htlf Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $11.1M in employer contributions, about $4,040 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Heartland Financial USA 401(k) match vested?
The vesting schedule for the Htlf Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Heartland Financial USA 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is July Business Services. The plan administrator is Heartland Financial USA, Inc.
I left Heartland Financial USA. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Heartland Financial USA, Inc, (877) 280-1859) or the recordkeeper, July Business Services. The Heartland Financial USA old 401(k) page lists the contacts from every plan filing. Find an old Heartland Financial USA 401(k)
Data from the public Form 5500 annual reports Heartland Financial USA filed with the U.S. Department of Labor (plan years 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Heartland Financial USA. Not financial advice. Report a correction · Methodology