Plan Snapshot
- Plan Sponsor: Artesian Homes INC.
- Sponsor EIN: 465240519
- Sponsor Address: 14091 BAXTER DRIVE, SUITE 116, BAXTER, MN, 56425
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 105
- Total Assets: $3.7M
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 | 105 | $3.7M | $284,111 | $191,168 |
| 2023 | 90 | $4.5M | $270,767 | $161,640 |
| 2022 | 73 | $3.7M | $281,774 | $105,240 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $25,724 | — | $25,724 |
| CLIFTON LARSON ALLEN WEALTH ADVISOR | Recordkeeper | $17,197 | — | $17,197 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $15,389 | — | $15,389 |
| MAP RETIREMENT | Recordkeeper | $6,969 | — | $6,969 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,279
- Estimated Expense Ratio: 1.764% of plan assets
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 | $62,476 | — | $62,476 | — | — |
| 2023 | $54,734 | — | $54,734 | — | — |
| 2022 | $51,443 | — | $51,443 | — | — |