Plan Snapshot
- Plan Sponsor: Ameriprise Financial, INC.
- Sponsor EIN: 133180631
- Sponsor Address: 360 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS, MN, 55474
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 11,885
- Total Assets: $3.9B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 11,885 | $3.9B | $0 | $0 |
| 2024 | 8,958 | $3.6B | $68.1M | $133.7M |
| 2023 | 9,298 | $3.2B | $65.5M | $129.2M |
| 2022 | 9,313 | $2.7B | $63.3M | $124.1M |
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 |
|---|---|---|---|---|
| ALIGHT SOLUTIONS LLC | Recordkeeper | $712,220 | — | $712,220 |
| PERSHING LLC | Other Service Provider | — | $531,954 | $531,954 |
| CONGRESS ASSET MANAGEMENT | Investment Advisor | $504,577 | — | $504,577 |
| PRINCIPAL TRUST CO | Custodian / Trustee | $191,903 | — | $191,903 |
| ALIGHT FINANCIAL SOLUTIONS, LLC | Investment Advisor | $14,090 | $156,829 | $170,919 |
| TOWERS WATSON INVESTMENT SERVICES | Other Service Provider | $126,811 | — | $126,811 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,238,384
- Estimated Expense Ratio: 0.057% 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 |
|---|---|---|---|---|---|
| 2025 | $369,161,728 | $504,577 | $1,026,277 | — | — |
| 2024 | $1,569,303 | $509,463 | $1,059,840 | — | — |
| 2023 | $1,500,014 | $469,563 | $1,030,451 | — | — |
| 2022 | $1,514,054 | $516,260 | $997,794 | — | — |