Plan Snapshot
- Plan Sponsor: Augsburg University
- Sponsor EIN: 410694721
- Sponsor Address: 2211 RIVERSIDE AVENUE SOUTH, MINNEAPOLIS, MN, 55454
- Plan Type: 403(b)
- Total Participants: 705
- Total Assets: $149.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 705 | $149.4M | $1.1M | $2.5M |
| 2023 | 698 | $144.3M | $1.4M | $2.4M |
| 2022 | 704 | $128.0M | $2.0M | $2.3M |
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 |
|---|---|---|---|---|
| TIAA-TEACHERS INSURANCE AND ANNUITY | NONE | $55,389 | — | $55,389 |
| NFP RETIREMENT INC. | NONE | $9,020 | — | $9,020 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA-TEACHERS INSURANCE AND ANNUITY — NONE
- NFP RETIREMENT INC. — NONE
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,409
- Estimated Expense Ratio: 0.043% 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 | $16,550 | $16,550 | — | — | — |
| 2023 | $65,893 | $54,427 | $11,466 | — | — |
| 2022 | $84,452 | — | — | — | $84,452 |