Plan Snapshot
- Plan Sponsor: Air Mechanical, INC.
- Sponsor EIN: 411530322
- Sponsor Address: 16411 ABERDEEN STREET NE, HAM LAKE, MN, 553045427
- Plan Type: 401(k)
- Total Participants: 154
- Total Assets: $6.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 154 | $6.1M | $122,150 | $479,049 |
| 2023 | 133 | $5.4M | $119,184 | $448,707 |
| 2022 | 124 | $4.2M | $134,960 | $508,683 |
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 | $18,944 | — | $18,944 |
| CHRISTENSEN GROUP FINANCIAL LLC | INVESTMENT ADVISOR | $17,158 | — | $17,158 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $7,935 | — | $7,935 |
| BARTON, WALTER & KRIER, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BARTON, WALTER & KRIER, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,037
- Estimated Expense Ratio: 0.720% 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 | $44,037 | $25,093 | — | — | — |
| 2023 | $43,036 | $20,993 | — | — | — |
| 2022 | $44,397 | $23,170 | $21,227 | — | — |