Plan Snapshot
- Plan Sponsor: Associated Milk Producers INC.
- Sponsor EIN: 741649119
- Sponsor Address: 315 NORTH BROADWAY STREET, NEW ULM, MN, 56073
- Plan Type: 401(k)
- Total Participants: 989
- Total Assets: $70.2M
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 | 989 | $70.2M | $2.6M | $2.9M |
| 2023 | 960 | $68.1M | $2.5M | $2.9M |
| 2022 | 925 | $62.2M | $2.4M | $2.7M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT ADVISORS, LLC | Other Service Provider | $39,629 | — | $39,629 |
| TAX SHELTERED COMPENSATION | Other Service Provider | — | $33,700 | $33,700 |
| VOYA | Other Service Provider | $14,256 | — | $14,256 |
| WIPFLI LLP | Other Service Provider | $10,225 | — | $10,225 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIPFLI LLP — Other Service Provider
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $97,810
- Estimated Expense Ratio: 0.139% 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 | $132,609 | $75,689 | $50,060 | — | — |
| 2023 | $133,588 | $72,933 | $41,530 | — | — |
| 2022 | $82,602 | — | $82,602 | — | — |