Plan Snapshot
- Plan Sponsor: Amplifon (Usa), INC.
- Sponsor EIN: 411958972
- Sponsor Address: 150 SOUTH 5TH STREET, MINNEAPOLIS, MN, 55402
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 1,633
- Total Assets: $66.8M
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. |
|---|---|---|---|---|
| 2025 | 1,633 | $66.8M | $0 | $0 |
| 2024 | 1,268 | $51.6M | $3.5M | $6.1M |
| 2023 | 1,056 | $41.6M | $2.8M | $4.9M |
| 2022 | 862 | $32.3M | $2.3M | $4.4M |
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 |
|---|---|---|---|---|
| MERCER (US) INC MERCER INVESTMENTS | Investment Advisor | $199,524 | — | $199,524 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $93,774 | — | $93,774 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $18,232 | — | $18,232 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $311,530
- Estimated Expense Ratio: 0.466% 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 | $7,257,700 | $217,756 | — | — | — |
| 2024 | $231,636 | $170,816 | — | — | — |
| 2023 | $203,515 | $6,425 | — | — | — |
| 2022 | $175,106 | — | $175,106 | — | — |