Plan Snapshot
- Plan Sponsor: Api Group, INC.
- Sponsor EIN: 411858188
- Sponsor Address: 1100 OLD HIGHWAY 8 NW, NEW BRIGHTON, MN, 55112
- Plan Type: 401(k)
- Total Participants: 3,844
- Total Assets: $150.2M
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 | 3,844 | $150.2M | $8.9M | $7.2M |
| 2023 | 3,359 | $123.7M | $5.6M | $5.3M |
| 2022 | 2,332 | $101.5M | $6.1M | $5.0M |
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 |
|---|---|---|---|---|
| REDPATH AND COMPANY, LLC | Auditor | $46,693 | — | $46,693 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- REDPATH AND COMPANY, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,693
- Estimated Expense Ratio: 0.031% 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 | $236,976 | $28,619 | $19,682 | $46,693 | — |
| 2023 | $130,097 | $51,333 | — | — | — |
| 2022 | $153,485 | — | — | — | — |