Plan Snapshot
- Plan Sponsor: Advanced Process Technologies, INC.
- Sponsor EIN: 421497050
- Sponsor Address: 150 SWENDRA BOULEVARD, COKATO, MN, 55321
- Plan Type: 401(k)
- Total Participants: 138
- Total Assets: $18.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 138 | $18.2M | $485,345 | $1.1M |
| 2023 | 130 | $16.1M | $430,094 | $969,573 |
| 2022 | 134 | $12.3M | $372,697 | $838,065 |
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 |
|---|---|---|---|---|
| LB CARLSON, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LB CARLSON, 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 | $74,171 | $44,088 | $30,083 | — | — |
| 2023 | $60,251 | — | $24,687 | — | — |
| 2022 | $55,015 | $30,671 | $24,344 | — | — |