Plan Snapshot
- Plan Sponsor: Ability Building Center, INC.
- Sponsor EIN: 410829178
- Sponsor Address: 1911 14TH STREET NORTHWEST, ROCHESTER, MN, 55901
- Plan Type: 403(b)
- Total Participants: 241
- Total Assets: $5.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 241 | $5.7M | $140,850 | $284,481 |
| 2023 | 211 | $5.3M | $139,174 | $257,316 |
| 2022 | 172 | $4.6M | $121,856 | $244,362 |
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 |
|---|---|---|---|---|
| HAWKINS ASH CPA'S LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HAWKINS ASH CPA'S LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $41,892 | $39,492 | — | — | — |
| 2023 | $37,936 | $36,886 | — | — | — |
| 2022 | $40,154 | $37,854 | — | — | — |